Adyen Co-Founder’s Startup Tebi Secures €30M From Alphabet’s CapitalG
▼ Summary
– Adyen co-founder Arnout Schuijff left in 2021 to launch Tebi, a fintech startup helping hospitality businesses manage operations via a subscription-based platform.
– Tebi aims to stand out by integrating payments, reservations, and inventory management into one enterprise-level solution for SMBs, unlike Adyen’s enterprise focus.
– Schuijff founded Tebi during Covid lockdowns to simplify VAT reporting for small businesses, driven by his passion for coding and solving operational pain points.
– Tebi has raised €56 million ($64M) in funding, led by CapitalG and Index Ventures, to expand across Europe and add AI features to its platform.
– The startup plans to enter the U.K. market next, followed by broader European expansion, with potential U.S. growth once it secures a strong market position.
Amsterdam-based fintech startup Tebi has secured €30 million in fresh funding from Alphabet’s growth fund CapitalG, marking a significant milestone for the company founded by Adyen co-founder Arnout Schuijff. The investment, which includes participation from Index Ventures, brings Tebi’s total funding to €56 million as it prepares to expand beyond the Netherlands into the UK and other European markets.
Tebi offers an all-in-one subscription platform tailored for hospitality businesses, combining payments, reservations, inventory management, and analytics into a single solution. Unlike traditional POS systems or standalone tools, Tebi aims to streamline operations for small and medium-sized businesses (SMBs) with enterprise-grade functionality at competitive pricing.
Schuijff, who stepped down as Adyen’s CTO in 2021, launched Tebi during the pandemic after noticing inefficiencies in tax reporting for local bars and restaurants. What started as a side project evolved into a full-fledged company, driven by his passion for coding and solving real-world problems for business owners. “I wanted to contribute in a different way, helping local entrepreneurs simplify their operations,” he explained.
Despite his technical background, Schuijff now focuses on scaling Tebi as CEO, assembling a seasoned leadership team that includes former Adyen executive Rob Vonk as CTO and ex-Notion and Wolt executives in key operational roles. The company has already gained traction in the Netherlands, processing nine-figure payment volumes annually, and plans to double its workforce by year-end.
CapitalG’s investment underscores the growing demand for software-driven payment solutions in Europe’s underserved SMB market. Partner Alex Nichols compared the opportunity to the U.S. market’s shift away from bank-dominated systems over a decade ago. Beyond financial backing, Tebi sees strategic value in aligning with Alphabet’s ecosystem, including Google Cloud and Maps integration.
The fresh capital will fuel international growth, AI enhancements, and product development. Tebi has already introduced AI-powered onboarding tools that automate menu imports and reservation setups. “Our vision is to build an AI layer that helps businesses run smarter,” Schuijff noted. While European expansion remains the immediate priority, a future U.S. launch is under consideration once the company solidifies its market position abroad.
With a lean team of 35 and ambitious scaling plans, Tebi is positioning itself as a disruptor in hospitality tech—proving that even billion-dollar success stories like Adyen can inspire new ventures with fresh approaches.
(Source: TechCrunch)
