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About Tekmetric
Industries
Automotive & Transportation
Consumer Software
Enterprise Software
Company Size
201-500
Company Stage
Seed
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 offering 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, ultimately improving operational efficiency and customer satisfaction.
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
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
6 month growth
↑ 0%1 year growth
↑ 1%2 year growth
↑ 3%Tekmetric, which is backed by Susquehanna Growth Equity, has acquired Shopgenie, a Scottsdale, Arizona-based auto repair shop CRM.
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
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
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
Tekmetric introduces new tire management feature.
Tekmetric is Hiring for 6 Jobs on Simplify!
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About Tekmetric
Industries
Automotive & Transportation
Consumer Software
Enterprise Software
Company Size
201-500
Company Stage
Seed
Total Funding
$1.6M
Headquarters
Houston, Texas
Founded
2015
Tekmetric is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today