Private equity firm Maven Capital Partners has led a £2.7 million investment round QikServe, the company behind a mobile payment platform and app for restaurants dubbed the ‘waiter in your pocket’.
Founded in 2011 by entrepreneurs Daniel Rodgers and Ronnie Forbes, QikServe enables customers to discover eateries, check-in to tables, browse menus, place orders, save and redeem loyalty points or vouchers, and pay their bill directly from their mobile phone or tablet. Customer data is captured automatically, providing restaurants with a “powerful marketing asset” for targeted campaigning.
The injection includes a £2 million investment from Maven, alongside £700,000 of additional backing from existing investors Par Equity, Equity Gap and Scottish Enterprise.
QikServe, whose software platform is fully integrated into EPOS (electronic point of sale) provider Oracle, said the funding will support the global roll-out of its platform, including major expansion into the United States. The cash will also allow the firm to grow its workforce in key areas.
Daniel Rodgers, CEO at QikServe, said:
“A dramatic global shift in hospitality economics is resulting in increased uptake of digital self-service technology. Mobile ordering and payments are now pressing concerns for businesses across the global hospitality sector as they seek to improve service, reduce costs and meet the expectations of the modern consumer.
“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.”