Paytronix secures $10 million
Funding will help company continue to serve restaurant, convenience-store, and grocery industries during COVID-19 crisis as brands innovate around providing new services to generate revenue.
Paytronix Systems has secured an additional $10 million in funding, led by Great Hill Partners and the company’s cofounders. The funding is designed to ensure that Paytronix is on sound financial footing and will continue to provide its restaurant, convenience-store, grocery, and retail clients with the communications tools necessary during this unprecedented COVID-19 pandemic.
The restaurant market has been hit particularly hard by this crisis, with nearly two-thirds of restaurant workers laid off and sales dropping as much as 90% in some states. A Paytronix examination of its customer data shows a levelling off within the industry and even a recent upward trend, with the hospitality market finding a baseline from which to grow.
“We also know that restaurants need new and innovative approaches to services like mobile ordering and delivery. The COVID-19 crisis is driving remarkable innovation in the foodservice space and our goal is to be there for our clients, helping them deliver on their promises to their guests,” said Andrew Robbins, CEO of Paytronix Systems.
Additional Order & Delivery features like curbside pickup, group ordering, and point-of-sale integrations offer our clients more options for customizing and deploying their own programs.
