triPica Raises €12.4 Million to Modernize European Billing

By Daniel Okafor

Paris-based triPica has received a €12.4 million investment from Paris-based TiLT Capital Partners for its cloud-based customer and billing platform serving energy suppliers and telecom operators. The company will use the money to accelerate energy expansion in Germany and Italy, fund AI work and double its team.

What problem is triPica solving?

triPica says the energy transition requires suppliers to sell dynamic tariffs, solar self-consumption offers, EV charging and demand-flexibility programs. Many suppliers still use customer and billing systems designed for one regulated tariff. Each new offer can require months of IT work and bespoke development, the company said.

Telecom operators face a similar constraint when launching digital brands, convergent bundles or usage-based plans, triPica said. Founded in 2016 by Mathieu Horn, Walid Bounar and Christophe Ruzé, the company describes itself as a cloud-native CRM and billing platform provider.

triPica says its single platform covers product catalogues, subscriptions, billing, payments and customer service. The company claims operators can launch offers that legacy systems cannot support and bring them to market in weeks instead of months.

triPica co-founder and CEO Mathieu Horn said:

“Every new energy offer, a dynamic tariff, a self-consumption contract, an EV charging plan, eventually becomes a billing problem.

Suppliers have no shortage of ideas. What slows them down is a customer and billing system built for a market that no longer exists. We built triPica so that an operator can launch that offer in weeks. With TiLT, we will take it to more operators across Europe and use AI where they lose the most time today,”

Why did TiLT invest?

TiLT Capital Partners focuses on the energy transition. Nathanaël Krivine, Nicolas Lepareur and Nicolas Pia[u] founded it as an entrepreneurial private equity initiative. Since 2021, it has operated as the energy-transition platform of the Siparex group, an independent French private equity specialist with €4.5 billion in assets under management.

TiLT has ten investors and manages a €340 million fund, according to the company. It currently supports 11 high-growth European SMEs.

TiLT co-founder and Managing Partner Nicolas Lepareur said:

“The energy transition will not be won on generation assets alone. It also depends on suppliers being able to offer the tariffs and services that make flexibility, self-consumption and electric mobility worth adopting for their customers.

triPica removes a bottleneck that is too often overlooked: the systems behind those offers. Its ten years of production with demanding energy and telecom operators convinced us that it can become the European reference in this field,”

Where does triPica already operate?

triPica said it serves energy suppliers in France, Germany and Italy, including Primeo Energie and Gaz Européen. Its telecom customers operate in Europe, the Americas and Asia, including Bouygues Telecom, Digicel and CelcomDigi.

The company says many customers came from legacy systems. triPica has developed a migration approach for customer bases, contracts and billing history that avoids disrupting operations. This matters because product modernization can fail if service continuity breaks during the switch.

triPica presents its sector mix as a technical advantage. The company argues energy is adopting billing models telecom operators already know: payment based on actual consumption, usage-based pricing, bundled services and frequent product launches. triPica says it brings that telecom billing experience to energy suppliers.

How will the €12.4 million be spent?

triPica will accelerate energy development in Germany and Italy, alongside its French base. Other European countries will follow, the company said. Telecom remains central to the model, and triPica plans continued investment with operator customers in Europe, the Americas and Asia.

AI-related work will also receive funding. triPica intends to use AI to support operators’ day-to-day billing and customer teams, with tangible gains in speed and reliability. The company also plans to double its workforce. Horn tied the AI effort to the places where operators lose the most time today.

The next proof point will come in deployments: whether triPica can convert its weeks-to-market claim into wider European use while making AI tools part of daily billing and customer work.