Tigapo

Company Overview

Snapshot

Founded in March 2016 by Tsachi Sayegh and Dvir Avizrat, Tigapo operated with 1–10 employees. The company was acquired by Nayax in August 2021, marking a significant exit in the IoT and payment systems sector.

Business overview

Tigapo specializes in developing an IoT system designed for coin-operated machines, enabling remote control and management. The company's core technology includes a digital payment platform that allows users to pay for services via smartphones and NFC chips. By connecting machines to the cloud, collecting and analyzing real-time data, and utilizing machine-learning algorithms for autonomous remote management, Tigapo helps machine owners reduce operational costs and increase revenue. It operates within the Fintech & Insurtech sector, serving global markets with its payment and management solutions.

Strategic signal

In March 2021, Tigapo announced a partnership with Nayax, a move that significantly extended the reach of its cashless payment platforms. This collaboration signaled a strategic validation of Tigapo's IoT and payment technology, indicating a strong market alignment and potential for broader adoption within the vending and coin-operated machine industries.

Company Intelligence Q&A

When was Tigapo acquired?

Tigapo was acquired by Nayax in August 2021.

What was a key strategic partnership for Tigapo?

In March 2021, Tigapo partnered with Nayax to extend the reach of its cashless payment platforms.

What was Tigapo's last disclosed funding event?

Tigapo raised $1 million in a funding round in March 2019 from Chazen Capital Partners.

What was the focus of Tigapo's monetization system offering in May 2020?

In May 2020, Tigapo offered free installation for its monetization system.

Who are the founders of Tigapo?

Tigapo was founded by Tsachi Sayegh and Dvir Avizrat.