triPica raises €12.4M from TiLT Capital Partners for energy and telecom billing platform

Paris-based software company triPica has received a €12.4 million investment from TiLT Capital Partners, the energy transition investment platform of the Siparex Group, Tech.eu reports tech.euTech.eutech.euOpen source ↗. The company was founded in 2016 by Mathieu Horn, Walid Bounar and Christophe Ruzé. It develops a cloud-native CRM and billing platform that helps energy suppliers and telecom operators manage customer relationships, subscriptions, billing, payments and customer service.

Billing as a bottleneck for new energy offers

Energy suppliers are introducing more diverse products and services, including dynamic tariffs, solar self-consumption, electric vehicle charging and demand flexibility programmes. Many still rely on legacy customer management and billing systems designed for simpler pricing structures, which makes it difficult and time-consuming to launch new offerings. Telecom operators face similar challenges when developing digital brands, bundled services and usage-based plans.

triPica combines customer management and billing in a single cloud platform. According to the company, this lets operators introduce new products and pricing models in weeks rather than months and reduces the need for extensive IT development and system customisation. The platform also supports migration of customer records, contracts and billing histories from existing systems, so operators can modernise their infrastructure without disrupting ongoing operations. The company draws on its experience in telecom billing.

"Every new energy offer, a dynamic tariff, a self-consumption contract, an EV charging plan, eventually becomes a billing problem," said Mathieu Horn, co-founder and CEO of triPica. In his words, what slows suppliers down is a customer and billing system built for a market that no longer exists.

Expansion in Germany and Italy

The investment will support triPica's expansion in the European energy market, particularly in Germany and Italy, alongside its existing operations in France tech.euTech.eutech.euOpen source ↗. The company plans to enter additional European countries. It will also continue developing its telecom business across Europe, the Americas and Asia.