Mad Mobile, a company which specializes in restaurant and retail SaaS and payment solutions, secures $50million in funding. Morgan Stanley Expansion Capital and Bridge Bank were among the backers.
The company plans to repay its current debt, accelerate sales growth, and enhance the expansion of its SaaS and payment solutions with the money.
Read also – [Funding News] OK-based Apricot Technologies Secures Undisclosed Amount in Funding
Over 21,000 major restaurant and retail locations worldwide are served by Mad Mobile, which is developing digital and mobile experiences under the direction of CEO Bruce Bennett. providing a full range of contemporary point-of-sale services, such as contactless payment, self-checkout, clienteling, mobile fulfilment, and mobile POS. Each year, Mad Mobile handles about $3 billion in payments.
2020 saw the acquisition of the CAKE point-of-sale system from Sysco Corporation. Ralph Lauren, Tractor Supply, Texas Roadhouse, Ike’s Love & Sandwiches, Talbots, Miller’s Ale House, Ann Taylor, Brooks Brothers, Urban Outfitters, Snipes, West Marine, and Toastique are just a few of the companies that call Toastique home.
About Mad Mobile
Mad Mobile, they use dependable and creative technology to make hospitality more effective and easy to use. They think that all restaurant, retail, and hospitality transactions will eventually be conducted via mobile devices.
Their goal is to outfit companies with the newest connected technology so they can exceed visitor expectations and meet the constantly changing needs of the hospitality sector.
