Tillo

UK-based B2B marketplace for digital gift cards

Partnership origins

Founded in 2016, Tillo is a leading rewards and incentives platform that empowers businesses to drive growth through the strategic use of digital gift cards and branded currencies.

With a global presence and offices in the UK and USA, Tillo supports a wide range of organizations – from fintechs and employee benefits providers to global enterprises – enabling them to engage customers, reward employees, and unlock new revenue streams through its powerful and scalable API-driven platform.

Why Tillo chose Tenzing

It was essential for Tillo to find a growth-oriented private equity partner who not only believed in their long-term vision but also shared their core values and were able to bring tangible support to the team. Tillo selected Tenzing as the ideal partner to support the next phase of growth. The partnership represents a significant milestone for the company – aligning with an investor that shares Tillo’s customer-first ethos and ambitious roadmap. With Tenzing’s backing, Tillo is well positioned to accelerate its global expansion and continue innovating in the rewards and incentives space.

Motivation for investment

Tillo has a clear vision: to capitalise on the evolving competitive landscapes in the UK and US and drive its next wave of profitable growth, building on nine years of capital-efficient, customer-centric operations. Tenzing shares this vision for Tillo, recognising the opportunity to support a market leader in the Incentives & Payments space through its sector expertise and dedicated Growth Team, while backing a proven management team to scale the business further through strategic execution and acquisitions.

The partnership with Tenzing marks a significant milestone for Tillo. Tillo has been capital efficient and profitable for 9 years, resulting in us not needing growth capital as we've built something really special, valued by our customers. Bringing Tenzing on board as our new partner not only provides significant liquidity for our early shareholders, but also aligns us with a growth-focused investor who shares our vision and values, which is really important to me and my team.”

Alex Preece
CEO of Tillo

Give us a ring:
Locations:
London (HQ)

Heddon House,
149-151 Regent Street,
London, W1B 4JD 

Stockholm

Convendum,
Biblioteksgatan 29,
114 35 Stockholm

Munich

Promenadeplatz 8,
80333, Munich