New Tipping App, Tip.ly, Selected for Venture Madness

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E-tipping app, Tip.ly, is one of the sixty-four startups chosen to compete in the prestigious Southwest regional competition.

“E-tipping is the way of the future,” said Stephen Campbell, Co-Founder and CEO of Tip.ly.

Tip.ly, the first peer-to-peer mobile payment application that allows people to tip service professionals with their phone just like cash, is competing in the second annual Venture Madness pitch competition for a chance at a $50,000 shared prize. The tipping app, Tip.ly, eliminates the need to exchange personal information, like phone numbers, email addresses, bank details and credit cards, and allows users the ability to tip anyone, anywhere.

“E-tipping is the way of the future,” said Stephen Campbell, Co-Founder and CEO of Tip.ly. “We are thrilled to be one of the honored startups chosen to compete in Venture Madness and expand the knowledge on tipping made easy.”

About Tip.ly:
Founded by Stephen Campbell and Tim Baldwin, Tip.ly intertwines the age-old practice of tipping with advanced cell phone technology. Gone are the days of worrying about having enough cash before flying out on a business trip, getting your haircut or even valeting your car on date night.

Tip.ly secures all financial data with 256-bit encryption, the highest-level encryption available, so all transactions are 100% secure. When e-tipping with Tip.ly, photos are used to ensure the correct person receives the payment. The tipping app, Tip.ly, works with PayPal and all major banks in the United States to ensure quick processing times so users receive tips in 1-2 business days. For more information on Tip.ly, visit https://tip.ly.

About Venture Madness:
Presented by Invest Southwest and the Arizona Commerce Authority ,Venture Madness is an innovative startup competition that pits sixty-four of the region’s most promising ventures against one other in the second annual bracket-style, head-to-head competition. Early stage growth startups from across Arizona, Colorado and Texas have been chosen to compete a chance at a $50,000 shared prize. One Venture Madness champion will emerge to take home the top $30,000 prize. First runner-up winner will receive $10,000 and two second-place runners-up will each get $5,000. New this year is the ability for the public to evaluate the company information online and fill out their own bracket. The first-place winner in the bracketology challenge will win a 13-inch MacBook Air, and the runner-up will win an iPad Air 2. For more information on Venture Madness, visit http://www.azcommerce.com/programs/venture-madness.

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Dan Roberts
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