Amsterdam’s hospitality data startup Tapp declared bankrupt: Know more

Amsterdam-based Tapp, a company providing data-driven insights for the catering industry, has been declared bankrupt by the Amsterdam court.

Last year, in June 2023, the company had secured €3M in funding, and by September, it had launched a new product to help catering entrepreneurs compare their performance against industry standards.

CEO Wibo Roest tells Quote that the company failed to become commercially profitable in time. According to him, even though there’s a demand for hospitality data, the adoption and willingness to pay the right amount for data took too long for Tapp and became too expensive for the shareholders.

Roest says, “At Tapp, we are all disappointed and sad. It is an incredible shame that we cannot realise our dream. It is up to the curator to decide whether there is still a future for Tapp. As a board, we will of course fully cooperate in this.”

Brief about Tapp

Founded in 2015 by Frans van Hoogstraten and Sjoerd Rothweiler, Tapp initially launched a consumer payment app before expanding to offer a digital platform that provided catering businesses with sales data insights to optimise their offerings.

The platform integrates with cash register systems to provide hospitality entrepreneurs with insight into their own sales as well as national trends based on the pooled data of all associated enterprises.

Serving over 3,500 hospsitality businesses, TAPP claims to be the only organisation in the Netherlands that combines internal information on beverage sales at specific catering businesses with a baseline for the whole market.