Analysis

December 17, 2019

“More like an assault course than a marathon” — how to spin out from a big corporation

Tankey, the fuel loyalty points startup, was the first corporate spin-out for the Dutch utility, testing its willingness to support intrapreneurs.


Karolin Schaps

5 min read

Tankey founders Paul Akass and Eva Oudshoorn

In the $17bn global loyalty programme market, a small Dutch startup has come up with a technology that combines consumer loyalty rewards and turns them into instant discounts at the pump for motorists. Tankey was last year spun out of Dutch utility company Essent, now part of E.ON, and is about to hit 100,000 customers barely one year after inception. Oh, and it's also breaking even.

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