Panda, as described in a blog post from Crowdcube, is an upcoming Fintech platform for students & hospitality fans, aiming to blend “real-time discovery of restaurants, bars and venues with flexible credit” via Panda Credit. The company aims to streamline “how people find & pay at their favourite spots, creating better dining experiences for customers & businesses.”
According to the offering page, Panda is raising equity capital at a pre-money valuation of £3 million. The offering has been qualified to receive tax relief under SEIS or EIS (the offering page does not say which one). Both exemptions provide meaningful benefits for investors.
Panda describes itself as an “all-in-one” app for bars and restaurants designed to appeal to a younger audience.
Panda aims to unify restaurant bookings and payments. There are currently numerous options for restaurants to book tables online, but few (or none) offer integrated payments. There is also a “dine now, pay later” or BNPL option for diners.
The company aims to consolidate a fragmented sector and address its shortcomings, which they claim will result in fewer cancellations and increased revenue for the user. Customers can benefit from a simplified process, as well as perks such as loyalty benefits.
If you are interested in backing the firm, the offering also kicks in some perks.
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