6 years ago

Foodics Raises Bridge Round Led by Faith Capital

  • Foodics, a Saudi Arabian startup providing cloud-based POS solutions for F&B businesses, has secured bridge funding from Kuwait's Faith Capital and other investors

  • The investment amount remains undisclosed

  • This marks Foodics' second known funding round, following a $4 million Series A in late 2017

  • The company's platform offers a comprehensive suite of tools for restaurants and food chains, including transaction optimization, inventory management, employee scheduling, logistics, delivery, loyalty programs, and integration with third-party apps

  • Foodics boasts a clientele of 4,000 businesses and has deployed 10,000 terminals across the Middle East since its 2016 launch.

      • ProblemTechnology

      "Restaurants and food businesses in the Middle East struggle with managing their operations, including transactions, inventory, employee scheduling, logistics, delivery, and customer loyalty programs. They often rely on outdated and inefficient systems that are difficult to use and integrate with other tools."

      Solution

      "Foodics provides a cloud-based point-of-sale (POS) system that simplifies restaurant management. Their iPad-based platform allows businesses to optimize transactions, track inventory, schedule employees, manage logistics and delivery, and build customer loyalty programs. Foodics integrates with hundreds of third-party apps, making it a comprehensive solution for restaurants and food businesses."

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