Tekmetric

Tekmetric

Cloud-based software for auto repair shops

About Tekmetric

Simplify's Rating
Why Tekmetric is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Automotive & Transportation

Consumer Software

Enterprise Software

Company Size

201-500

Company Stage

Early VC

Total Funding

$1.6M

Headquarters

Houston, Texas

Founded

2015

Overview

Tekmetric provides software solutions specifically designed for auto repair shops in the United States and Canada. Its main product is a cloud-based Shop Management System (SMS) that helps over 3,000 auto repair shops improve their operations. The software includes features like automated reports, digital vehicle inspections with photos and videos, and trend tracking, which assist shop owners in making informed decisions and enhancing customer trust. Tekmetric differentiates itself from competitors by using a subscription-based pricing model that charges a flat monthly fee based on the number of shops, making it accessible for businesses of all sizes. The company's goal is to facilitate the transition from paper-based systems to digital solutions, improving operational efficiency and customer satisfaction in the auto repair industry.

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital transformation boosts Tekmetric's market potential in auto repair shops.
  • Subscription-based model aligns with industry trends, ensuring predictable revenue and customer retention.
  • Expansion into tire management broadens Tekmetric's market reach and service offerings.

What critics are saying

  • Increased competition from other software providers threatens Tekmetric's market share.
  • Integration challenges from Shopgenie acquisition may disrupt service continuity.
  • Economic downturns could lead to reduced subscriptions, impacting Tekmetric's revenue.

What makes Tekmetric unique

  • Tekmetric offers a cloud-based SMS integrating with OEC RepairLink for OE dealer interactions.
  • The Tekmetric Tire Suite streamlines tire management, enhancing efficiency for auto repair shops.
  • Partnerships with SiriusXM and Affirm add unique value to Tekmetric's customer offerings.

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Funding

Total Funding

$1.6M

Below

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Remote Work Options

Flexible Work Hours

Paid Vacation

Paid Sick Leave

401(k) Retirement Plan

401(k) Company Match

Life Insurance

Disability Insurance

Wellness Program

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

↑ 1%

1 year growth

↑ 1%

2 year growth

↑ 3%
PE Hub
Oct 16th, 2024
SGE-backed Tekmetric snaps up auto repair shop CRM Shopgenie

Tekmetric, which is backed by Susquehanna Growth Equity, has acquired Shopgenie, a Scottsdale, Arizona-based auto repair shop CRM.

PYMNTS
Aug 20th, 2024
Hotels.Com Adds Affirm’S Pay-Over-Time Solution To Checkout

Approved guests who book accommodations on Hotels.com can now pay over time by selecting Affirm at checkout. These guests are shown the total cost of their purchase at checkout and will never pay more than they agree to upfront, the companies said in a Tuesday (Aug. 20) press release. Expedia Group, the owner of Hotels.com, already offers Affirm’s buy now, pay later (BNPL) solution on two of its other platforms: Expedia and Vrbo, according to the release

PYMNTS
Aug 16th, 2024
Fintech Ipo Index Jumps 5% As Sezzle And Expensify Lead The Upside

Earnings powered the FinTech IPO Index 5% higher in a week that was, as has been the case for the last month, dominated by earnings. Sezzle kept up its post quarterly-report momentum, leaping more than 53% through the past five sessions. The recent Sezzle gains tack on to the 38% rally that came in the immediate wake of earnings. Expensify shares rocketed ahead by 51%. The company said this week that core business metrics were stabilizing, as revenue and paid users are within 1% of last quarter, with quarterly interchange, operating cash flow and free cash flow up 14%, 168% and 10% from that quarter, respectively. The company also saw its paid member tally at 684,000, a decrease of 8% YoY

PYMNTS
Aug 13th, 2024
Tekmetric And Affirm Enable Auto Repair Payments In Installments

Tekmetric has partnered with Affirm to enable auto repair shops to offer their customers the ability to pay over time. With this partnership, Affirm’s payment network can be accessed through Tekmetric’s automotive repair shop management solution, the companies said in a Tuesday (Aug. 13) press release. Auto repair shops that use Tekmetric’s platform can add Affirm as a payment option with a few clicks, according to the release

Tire Review
May 7th, 2024
Tekmetric introduces new tire management feature

Tekmetric introduces new tire management feature.

Recently Posted Jobs

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Machine Learning Engineer

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Tekmetric is Hiring for 7 Jobs on Simplify!

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Tekmetric is Hiring for 7 Jobs on Simplify!

Find jobs on Simplify and start your career today

đź’ˇ
We update Tekmetric's jobs every few hours, so check again soon! Browse all jobs →

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