6 years ago

Foodics Secures $4 Million in Pre-Series B Funding

  • Foodics, a Saudi cloud-based point-of-sale system for F&B businesses, has raised $4 million in fresh funds

  • The Pre-Series B investment comes from Riyadh Taqnia Fund (RTF), Kuwait-based Faith Capital, and Riyadh-based Tech Invest Com and Naseel Holding

  • The round takes Foodics’ total investment raised so far to $8 million

  • The startup plans to use this latest investment to become an all-in-one POS system with a payment processing device optimized for retailers.

      • ProblemTechnology

      "F&B businesses in the Middle East need a reliable and efficient point-of-sale (POS) system to manage their operations, accept payments, and track sales."

      Solution

      "Foodics offers a cloud-based POS system that runs on iPads, allowing businesses to accept payments, monitor sales, send orders to the kitchen, digitize menus, manage employees, and analyze the business with smart reports. They are also developing a payment processing device that will be integrated with their POS system, offering a complete solution for F&B businesses."

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