The startup Yumminn, whose restaurant payment app with QR code already has 350 stores, has announced that it has closed a seed round of investment worth 1.4 million euros.

This round is led by Oryon Universal and Antai Ventures, among other investors like business angels and positive impact funds like Seven Roots.

The round, described by the company as a success, has reached 140% of the expected amount in a difficult market environment, thanks to the exponential growth it has had in recent months and a clear strategy that shows the potential of this market.

The technology company, based in Barcelona and founded at the beginning of this year by Christian Campillo Dachs, a former director of L’Oréal, had set itself the goal in Spain of moving a volume of 25 million euros in transactions before the end of 2022.

The founder of the firm has assured that “this investment will help us to accelerate growth nationwide and thus consolidate our leadership position, add new features in high demand by restaurants and internationalize the company by opening new countries”.

Currently, the application allows by scanning a QR code ask for the bill, review it, pay it, divide it among the different diners and leave a tip in a few seconds and without the need to call the waiter or print tickets. It also incorporates features such as automatically leaving reviews on Google, a loyalty system through credit accumulation or a tool that allows you to order a drink and pay for it at that time or later.

According to those responsible, the use of this solution provides restaurants with 12% increases in their average ticket, 6% in table turnover, 55% in tips, as well as a saving of 13 minutes in waiting times for diners.

Source: www.eleconomista.es

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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