Latest news with #Tillo
Finextra
19-05-2025
- Business
- Finextra
Tillo appoints Jason Silverstein as COO
Tillo, the leading rewards and incentives platform and global gift card network, is thrilled to announce the appointment of Jason Silverstein as its new Group Chief Operating Officer (COO). 0 Jason brings over 25 years of executive experience to Tillo, with a proven track record of leading high-growth companies through transformation and rapid scale up. Most recently, he played a central role in Tango's evolution, first as COO and then President, where he helped drive the company's global expansion into 80+ countries, redefined its revenue model from sales-led to product-led growth, and delivered record-breaking financial performance. His leadership ultimately helped steer Tango through its landmark acquisition by Blackhawk Network. Jason Silverstein comments: 'I'm incredibly excited and honored to join Tillo at such a pivotal moment. Tillo's innovative approach, global vision, and customer-first mindset are exactly what today's reward and incentive ecosystem needs. I'm looking forward to partnering with Alex and our leadership team to help scale the business and unlock even more value for customers around the world.' Jason's appointment reinforces Tillo's ambition in the North American market and beyond, following recent milestones including the launch of the marketing leading StoreFront, the acquisition of Jigsaw Business Solutions, and a new growth partnership with private equity firm Tenzing. 'Bringing Jason on board is a huge moment for Tillo,' said Alex Preece, CEO and Co-Founder of Tillo. 'He's been at the heart of one of the biggest success stories in our space, and his operational expertise, strategic thinking, and cultural values make him a perfect fit. As we double down on our US growth and global vision, I have no doubt Jason will help accelerate our impact and build on the momentum we've worked so hard to create.'
FF News
13-05-2025
- Business
- FF News
Tillo Announces New Investment Partners
Today, after conducting a competitive process and in a significant milestone for the business, Tillo , the leading rewards and incentives platform and global gift card network, announces its investment partnership with Tenzing, a growth investor specialising in tech and tech-enabled businesses in the UK and Europe. Over the past 9 years, Tillo has seen exceptional growth, with gift card face value sales through its Network increasing by 50% year-on-year in 2024 alone. The acquisition of Jigsaw Business Solutions and the launch of Tillo StoreFront, a white-label solution that makes it easy for businesses to sell gift cards directly to consumers without complex integrations, have further strengthened their offering. Today, Tillo operates across 37 countries and 25 currencies, with international expansion firmly in sight. Powered by rising demand for digital gift cards, greater automation, and the shift towards gift cards as a preferred payment method, Tillo is helping businesses to unlock new opportunities with speed, simplicity, and scale. With Tenzing's expertise and backing, the new partnership positions Tillo for its next wave of profitable growth and opportunity to capitalise on the evolving competitive landscapes of its key UK and US markets. Tillo will benefit from the Tenzing team's prior experience in the Incentives & Payments sectors and draw support from Tenzing's Growth Team , including access to a Sherpa , Entrepreneurs Panel and a dedicated Acquisitions Director . Tenzing is investing alongside CEO and Co-Founder, Alex Preece, and the continuing management team in a fully secondary transaction to buy out early VC and angel investors in Tillo. Alex Preece , CEO of Tillo, stated: '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. After conducting a competitive process, bringing Tenzing on board as our new partner not only provides significant liquidity for our early shareholders and the Tillo Team of option holders, but also aligns us with a growth-focused investor who shares our vision and values, which is really important to me and my team.' 'With the Tenzing team alongside myself and my leadership team, I'm even more excited about what lies ahead as the partnership will see Tillo pulling on Tenzing's expertise to accelerate our impact — for our partners, our people, and the market. We're more energized than ever about the future we're building together.' Robert Dighero , Founding Partner at Passion Capital said: 'It was a privilege to invest in Tillo almost exactly 9 years ago after seeing the talent, potential and ambition of co-founders Alex and Gareth. We have been so impressed with how capital-efficient the business has been, after only raising £400k in its first round and a mere £1.3m to date. It's undeniable that Tillo's technology unlocks value within the rewards and incentives industry and that Alex and his team are exemplary in leading the business from strength to strength. All of us at Passion Capital are excited to see what the future holds for Tillo.' Gareth Healy , Investment Lead at Tenzing, commented: 'We are thrilled to partner with Alex and team to invest in Tillo – we've been highly impressed with their ambition and track record, and are excited about the future ahead for the company. We see significant opportunities for growth in the US, continental Europe and further afield via continued product development and M&A, all while reinforcing the strength of The Tillo Difference TM . We look forward to sharing our expertise to accelerate this even further.' Tillo is the fifth investment within Tenzing's £900m Fund III, which closed in 2024, and is one of twenty-one high-growth tech and tech-enabled businesses within the Tenzing portfolio. Tillo was advised on the investment by EMC Corporate Finance, Osborne Clarke, and Crowe. Tenzing was advised by Simmons & Simmons, Raymond James and EY.
Global News
10-05-2025
- Business
- Global News
How can you use AI to effectively search for jobs?
As some Canadians look to find a new job, they're more frequently using artificial intelligence to help. But while using AI is growing more common, a survey by CV Genius found 80 per cent of hiring managers dislike seeing AI-generated resumes and cover letters, with 74 per cent saying they can spot when AI has been used. But while 57 per cent say they're less likely to hire an applicant who used AI, there are ways to use it without risking your application. 'From an AI standpoint, people are using it in a variety of different ways to help them either land the job or get their foot in the door,' said Robert Hosking, executive director at consulting firm Robert Half. A July 2024 survey by online marketplace vendor Capterra found 48 per cent of Canadian job seekers saying they are using AI to help in their job search, with 37 per cent saying they use it for writing or refining their resume. Story continues below advertisement If people are thinking of using AI to help in their job search, here are some of the best ways to use it effectively. Use online job sites' AI to tailor search While many job postings will have you apply to the company's website directly, you can get a jump start on finding the jobs that best suit your skills by uploading your resume to the various platforms' websites and letting AI do the work. One example is submitting your resume to a websites like Indeed or Monster, which then analyze the document to determine what jobs could fit with your skills and experience. LinkedIn also uses AI by analyzing your profile and job preferences to suggest relevant job openings. 'The AI embedded in those platforms will make a recommendation for you,' said Alexandra Tillo, talent strategy advisor at Indeed Canada. 'It will say, 'Hey, you know, looking at your resume, we found these jobs which appear to match the skills and qualifications you have on your resume.' It does so by comparing your resume against a job description and finding keywords to match you with those roles that match your abilities. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Tillo said that using job alert optimization tools can let job hunters know when a position that matches their profile has been posted. Story continues below advertisement Preparing for the interview Once you've nailed down an interview, you'll move into the preparation process and while AI can't determine exactly what questions you'll be asked, it can still help you be prepare for them. By inputting information about the job and the company, you can get suggestions on what to ask the recruiter in terms of workplace culture or job expectations, but Tillo notes AI can also produce questions similar to what you may be asked during the interview. 'It means that it's easy for a job seeker to prepare some of those behavioural-based questions beforehand because most of the time they are adaptable to any kind of type of role they may be applying to,' Tillo said. Questions revolving around situations, tasks, actions and results are more likely than not to come up in an interview and are commonly referred to as STAR (situation, task, action, results) questions. The Alberta government's alis website provides examples of this as part of its resources to support career goals, such as career planning. In one situation, the applicant is asked to explain how they handled a customer being unhappy with a recent shipment, the actions they had to take to solve the problem and the end result. AI can be given details of the job being interviewed for and craft questions that the job seeker might be asked. Story continues below advertisement 2:17 Businesses in Canada worried about rise of 'ghosting' job candidates Depending on the type of AI you use, it can also be used for interview preparation through mock interviews. You can ask it to produce questions you might face in the job you're applying for and it can provide feedback on your answer. Unlike just providing questions, mock interviews can put you in a situation where you're asked the questions and have to provide the answers in a real-time environment. You'll also be provided feedback. There are various apps available that can be used to conduct mock interviews, including through Google and others like Final Round AI, in which an applicant will be posed a question and then type in or even give their answer verbally. The AI will then provide feedback on how to refine your answers. 'I think it will give a lot of confidence as well for job seekers and not to be too surprised when thinking back some of the questions that are being asked of them,' Tillo said. Story continues below advertisement Hosking added that mock interviews can make it easier to not be caught off guard by questions, as an applicant will be more prepared for how to answer when asked. Of the 250 Canadian job seekers Capterra surveyed who said they use AI, 27 per cent say they've used the technology for mock interviews. Comparing offers Sometimes in the job hunt, you may receive two competing offers, and deciding which is best for your career aspirations can be difficult. Hosking says it's another case where AI may provide an assist. 'You can run them (the offers) against one another, what are the pros and cons and compensation, benefits, perks, so it can give you a bit of an assessment on where, maybe not where they would rank, but the benefits of each so it can help you in your decision making,' he said. He added that AI may also provide insight into compensation levels for the kinds of roles you're applying to, which can further assist in deciding on which job to take. Avoid the pitfalls From interview preparation to helping find jobs that fit you, AI can be useful, but Tillo said there are also issues that can arise. Story continues below advertisement One of the most obvious is having a cover letter crafted by AI, as the structure may make it clear who wrote it. She adds that people should also avoid using AI during an interview, as managers are becoming more skilled at recognizing when someone is reading off an answer provided by AI rather than being authentic. 'I really want to tell people to not forget about that and give 100 per cent of yourself and your attention to the person you're talking to,' she said.
