OC&C advises Tenzing on investment in Tillo

We are pleased to congratulate Tenzing on their investment in Tillo. OC&C provided buy-side commercial due diligence to Tenzing to support this transaction.

Tillo is a UK-headquartered B2B marketplace for digital gift cards, connecting over 3,000 global brands via a single API. Its platform enables businesses to offer digital gift cards for customer acquisition, employee rewards and B2B incentives. With offices in the UK, US and Australia, Tillo serves a growing roster of clients seeking scalable digital reward and incentives solutions. The business is uniquely positioned at the intersection of digital gifting, loyalty and embedded finance—sectors experiencing significant growth and transformation.

Tenzing backs European B2B software and tech-enabled business valued between £10m and £200m. Tenzing seeks to partner with niche market leaders that have a track record of organic growth and high recurring revenue. With Tenzing’s expertise and backing, the partnership positions Tillo to scale its international footprint and product capabilities, with a focus on continued innovation in its API platform and commercial offering.

The partnership positions Tillo to take advantage of accelerating demand for digital-first customer engagement and rewards infrastructure in both the UK and US—two of its priority markets.

OC&C and Private Equity

We’re a leading global strategy consultancy with deep expertise in technology-enabled services and B2B platforms. In private equity, we’ve commercially advised on more than 500 successful transactions over the last five years, encompassing buy-side and sell-side roles.

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