Overfunding: FETCH, a Fintech Focused on Payments for Food and Drink Orders, Acquires £1.79M+ via Seedrs

FETCH, a transformative Fintech driving efficiency and precision guest location for food & drink ordering & payments, has secured 179% of its fundraising target through Seedrs with 20 days lefts in the sale.

FETCH has acquired £1,794,298 from 329 investors at the time of writing (with a £1,000,013 target).

Based in Harrow, United Kingdom, the company is focused on the Finance & Payments sectors (Digital Mixed B2B/B2C). Incorporated in November 2017, FETCH has a £24M pre-money valuation, it’s offering 6.95% equity, tax relief, and EIS.

Here are the business highlights:

  • 26K transactions and £265K platform flow through since March 2021
  • Experienced team with global recognition in fintech & hospitality
  • Innovative fintech delivers precise guest location
  • In progressive talks with global hotel groups on adopting FETCH

Here are the key features, as shared by the FETCH team:

  • Secondary Market
  • Seedrs nominee min. £18.19 +
  • Direct investment min. £25,000.00 +

As explained by the Fintech firm, FETCH is a “fully developed” ordering and payment solution for pubs, bars, restaurants, stadiums, hotels & festivals. As noted by the firm, FETCH aims to offer “smart, unique technology [that] pinpoints a customer’s location with clever features including bill splitting, tipping, instant feedback to make ordering food and drinks easy.”

The company also notes:

“Without needing to download our app, customers can easily browse menus, open a tab, place orders, pay using their digital wallets, leave feedback and gain loyalty rewards.”

FETCH adds:

“People crave a safe and straightforward experience as they return out, with 71% of under 45s believing technology can improve the guest experience. From our view of the industry, we believe many software solutions fail by not integrating with payments or being difficult to navigate, and most solutions require customers to download an app.”

FETCH offers a “sleek” table technology for users “to tap, ordering and paying is easy and intuitive.” The company integrates with “a venue’s POS and evenly distributes orders to staff, creating a seamless, efficient and contact-free solution.”

FETCH operates on a “straightforward” transaction fee, which is usually around 2-5% of gross order value, “or through a SaaS model depending on the venue type.” As noted by the Fintech firm, this further increases their appeal to venues, “as the lack of set-up or management fees removes cost barriers to adopting FETCH.”

The FETCH team adds:

“We believe our smart, integrated solution for contact-free hospitality services, our simple pay-per-transaction model, together with our globally-recognized and experienced team, means FETCH is perfectly placed to take a healthy share of the £98billion food and drinks market.”

They also noted that their focus is driving sales via “signing smart integration and reselling partners, delivering more hotel, pub and restaurants chains across the UK, Europe and enhancing business development in the US.”

As mentioned in the update, the more venues they sign, “the more transactions we process — and the more revenue we make.” You may open an account to get access to more details regarding thie FETCH campaign. As noted by FETCH, they are only able to show complete campaign details to registered users because they have to adhere to applicable financial regulations/guidelines.

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