QikServe Closes £2.7m Funding Round

QikServeiPhone-QikServe-5.0-Loyalty-1w, a developer of mobile order, payment and loyalty solutions for the hospitality sector, has secured £2.7m in funding from private equity firm Maven Capital Partners, along with Par Equity, Equity Gap and Scottish Enterprise.

The Edinburgh-based mobile ordering and payments firm’s latest funding round is aimed at supporting its expansion in the US, growing its workforce, and supporting channel partners.

“A dramatic global shift in hospitality economics is resulting in increased uptake of digital self-service technology,” said Daniel Rodgers, CEO at QikServe. “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.”

QikServe’s cloud-based platform enables customers to ‘discover restaurants, check-in to tables, browse menus, places order, save and redeem loyalty points or vouchers, and pay their bill’ from their smartphones or tablets. It aims to improve efficiency, reduce labour costs, and increase average spend, in the hospitality sector.

In October 2016, QikServe signed a distribution agreement with POStech as it began to target the hospitality industry in Ireland.