Tagged: restaurants

Digital Restaurant Platform Toast Selects FreedomPay as Payments Partner for Enterprise Merchants

FreedomPay, the world’s independent commerce platform and Toast, the all-in-one digital platform built for the entire restaurant community, signed a partnership agreement making FreedomPay Toast’s preferred payments gateway partner for select enterprise brands. Toast will be able “to offer its cloud-based digital platform for restaurants… Read More

Fintech Firm SpotOn Unveils Restaurant Point-of-Sale Hardware, Built for Efficiency, Reliability

SpotOn, the software and payments partner for restaurants, unveiled the new SpotOn Restaurant, which combines the restaurant point-of-sale software with a suite of proprietary, patent-pending hardware designed by SpotOn to flex to the unique needs of each restaurant. The new SpotOn Restaurant was “built for… Read More

Fintech Adyen, Olo to Provide Embedded Finance, Unified Commerce Solutions to Hospitality Sector

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for major businesses, has partnered with Olo Inc. (NYSE: OLO), an SaaS platform for restaurants, to provide restaurant businesses “with a faster and easier way to consolidate digital and in-store payments, apply for capital, and… Read More

Financial Wellness, Earned Wage Access: Frisch’s Big Boy Expands Benefits Package via DailyPay Partnership

Frisch’s Big Boy, the 75-year-old American comfort food and casual-themed restaurant brand, announced its partnership with DailyPay–the provider of on-demand pay. Through the partnership, Frisch’s Big Boy’s employees “have access to an important financial wellness benefit that allows them to access their earned pay after… Read More

Payments Platform SpotOn Identifies Opportunities to Boost Revenue for Restaurants Battling Inflation Challenges

SpotOn, the software and payments partner for restaurants, is providing restaurants with actionable next steps based on the National Restaurant Association’s annual State of the Restaurant Industry Report. As noted in the update, SpotOn has “outlined opportunities for restaurant operators to cut costs, carve out… Read More

Egypt’s Digital Restaurant Supply Chain Startup, Suplyd, Raises $1.6M

Egypt’s digital restaurant supply chain startup Suplyd recently closes $1.6M funding round Suplyd, a startup that digitizes supply chain operations for the MENA region’s hotels, restaurants, and catering (HORECA) industries, announced their $1.6M pre-seed round funded “by Endure Capital, Seedstars, Camel Ventures, Falak Startups alongside… Read More

FreedomPay Announces Integration with Castles Technology to Expand Commerce Offering

FreedomPay, the commerce technology partner of choice for global leaders across hospitality, retail, restaurants, and sports and entertainment, announced a partnership with Castles Technology, a manufacturer of payment hardware solutions. Chris Kronenthal, President of FreedomPay, said: “FreedomPay creates a world-class experience for consumers through optimized… Read More

Fast-Casual Restaurant honeygrow Teams Up with DailyPay to Boost Hiring, Employee Tenure

honeygrow, the Philadelphia-based fast-casual concept, is joining forces with DailyPay – which claims to be the leader in on-demand pay. Through this partnership, honeygrow’s restaurant employees can now “access their earned pay after completing a shift.” Ultimately, DailyPay‘s benefit “allows employees to access their pay… Read More

Fintech Square Acquires GoParrot to Provide Advanced Capabilities for Restaurants

  Square, part of Block (NYSE:SQ), recently announced that it acquired GoParrot, an “all-in-one” digital ordering and marketing platform for restaurants. GoParrot enables restaurants “to connect more easily and directly with customers through powerful omnichannel software.” As a long-time Square partner, GoParrot’s products already “integrate… Read More

UAE’s Spades Dine-in Payment Fintech Acquires $2.5M for Expansion Across MENA Region

There’s no denying that the Middle East is “growing fast” and its restaurant scene is growing “even faster,” according to an update shared with CI. Dining in the UAE means “exploring one of the most diverse, vibrant, and delicious food destinations on the planet.” Restaurants… Read More

Qlub, a Payments Fintech for Restaurants, Secures $17M via Seed Round

Qlub, a company creating a fast payment solution for consumers in restaurants, has secured $17 million via a seed round. Qlub’s investment round has been co-led by Cherry Ventures and Point Nine along with contributions from other several VCs such as STV, Raed Ventures, Heartcore,… Read More

Moven Helps TipHaus Launch Banking Challenger for Hospitality Industry

One of the most challenging or pressing issues facing service-oriented companies right now is retaining hardworking, motivated professionals. According to a study shared by The Washington Post, the hospitality sector has the highest quitting rates of any industry by a considerable margin. TipHaus aims to… Read More

UK based Digital Bank Revolut Acquires Nobly ePOS Business to Expand Operations into Hospitality Sector

Revolut has announced the acquisition of “highly rated” ePOS software provider Nobly POS in order to expand its product offering to serve the restaurant and hospitality sectors. Established in 2013, Nobly has created an extensive ePOS system for the restaurant and hospitality industry enabling hospitality… Read More

New York City Bars Could Make History by Selling for Bitcoin (BTC) or Ethereum (ETH) as Digital Asset Prices Keep Rising

A restaurant owner based in New York City has been trying to sell his two bars for Bitcoin (BTC), the flagship cryptocurrency. Patrick Hughes had put his side-by-side bars in Manhattan’s Hell’s Kitchen neighborhood, Scruffy Duffy’s and Hellcat Annie’s, up for sale last month. Hughes… Read More

ABN Amro Launches “Tikkie Check” for Bar & Restaurant Payments

ABN AMRO announced on Friday the launch ot the latest feature on the payment app Tikki, Tikki Check, which allows users to pay the bill in bars and restaurants through smartphones. According to ABN Amro, Tikki check simplifies payment for customers and restaurants alike, with… Read More

CrowdOut Capital Announces Term Loan & Growth Facility to Hilton Head’s Wild Wing Cafe

Private lending syndication platform CrowdOut Capital announced on Wednesday the completion of a term loan and a delayed draw growth facility to Wild Wing Cafe. The restaurant chain, originally from Hilton Head, South Carolina, owns and operates a successful restaurant franchise with 44 system-wide restaurants,… Read More

Crowdfunding Report: Number of Restaurants Leveraging Reg CF is Increasing Dramatically

The number of restaurants leveraging Reg CF is increasing dramatically, according to a report published by Crowdfund Capital Advisors (CCA). Reg CF is the smallest of the three crowdfunding exemptions utilized in the US. Under Reg CF, an issuer may raise up to $1.07 million… Read More

OnDeck Teams Up With Upserve For Restaurant Financing

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday it has formed a new partnership with  Upserve, a restaurant management platform, to provide Upserve’s restaurant customers with online financing options from its website. According to OnDeck, more than 10,000 restaurants currently use… Read More

Online Takeaway Restaurant Marketplace Appetise Launches Crowdcube Round; Now Seeking £500,000 in Funds

Appetise, a UK-based online takeaway restaurant marketplace, is now seeking £500,000 through its newly launched equity crowdfunding campaign on Crowdcube. Founded in 2008, Appetise is described as a UK-focused online and mobile application takeaway and delivery restaurant marketplace. Takeaways and delivery restaurants contract Appetise to join… Read More

Overfunding: Central London Seafood Restaurant Group Bonnie Gull Quickly Raises £200,000 Through Crowdcube Campaign

Bonnie Gull, a seafood restaurant group based in Central London, has successfully secured its initial £200,000 funding target through its equity crowdfunding campaign on Crowdcube. Launched in 2012, the restaurant brand started its pop-up concept in Hackney before launching permanently in Fitzrovia. It claims to be… Read More

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