Crowdfunding platform FundedHere raises capital for F&B mobile ordering and payments app

Crowdfunding platform FundedHere raises capital for F&B mobile ordering and payments app

By: 
Samantha Chiew
18/04/18, 11:32 am

SINGAPORE (Apr 18): Crowdfunding platform FundedHere says it has raised "a significant amount of capital" for Waitrr, a first-of-its-kind “mobile waiter” app.

Waitrr works by automating food orders to eliminate users’ wait times when dining in restaurants or ordering takeaway food. It speeds up services in restaurants across Singapore by letting diners order food and make instant payments on their smartphone devices.

The app contains the full menu of its onboarded restaurants and orders on the app go directly to the kitchen.

With this app, restaurant staff can focus better on preparing and serving dishes to customers instead of taking orders and fetching bills, which also helps reduce manual error and cutting down processing times.

Restaurants can also opt to include takeaway options, where users can order and pay for their meal beforehand and drop by the restaurant to pick it up later.

FundedHere says the campaign was funded by 12 registered FundedHere investors including reputable Singaporean investors Andy Lim, Founder and Chairman of private equity firm Tembusu Partners, and Steve Kek, CEO of OMG Venture.

The 30-day campaign was also "oversubscribed" and "surpassed its initial target", adds FundedHere.

Waitrr will use the funds from the campaign to ramp up end-user acquisition and promotions, develop new features and expand its business beyond Singapore.

The company’s future plans include leveraging synergies with sectors such as food delivery, e-payments, marketing, tourism and hospitality.

Daniel Lin, co-founder and executive director of FundedHere, says, “Our team’s mission is to provide investors in Singapore with opportunities to grow disruptive start-ups in need of alternative funding.

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