Mobile payments platform QikServe closes £2.7m investment
Edinburgh-based company will use funding to expand into international markets and grow its workforce
QikServe, a cloud-based mobile ordering and payments firm, has secured £2.7m in funding from Maven Capital Partners, as well as Par Equity, Equity Gap and Scottish Enterprise.
Founded in 2011 by Daniel Rodgers and Ronnie forbes, Edinburgh-based QikServe enables customers to order and pay for items through their smartphone, tablet or self-service terminal.
Consumers can also discover restaurants, check-in to tables, browse menus, save and redeem loyalty points or vouchers and pay their pill directly through the platform.
QikServe is integrated with Electronic point of sale (EPOS) provider Oracle Hospitality, which it claims gives it access to 330,000 accounts across 180 countries.
The finance will be used to fuel global expansion into key markets such as the US, bolster its workforce and support channel partners.
Rodgers commented: “We are already working closely with billion-dollar hospitality companies and this funding, combined with our Oracle integration, will accelerate our global footprint, strengthening our position at the forefront of enterprise solutions for hospitality.
“We are delighted to welcome Maven to the QikServe team and look forward to working with them to help transform hospitality for today’s digital society.”
David Milroy, investment director at Maven, added:
“We have been hugely impressed by the functionality and capability of the QikServe platform and believe that the technology offers a differentiated service to hospitality clients who are keen to realise the potential self-service offers in terms of increasing order value and reducing costs.”