Dash has raised USD1.2m in a Seed 2 round of funding. The mobile payments platform for restaurants, bars and clubs enables customers to check-in, view, split and pay their bill from the Pay with Dash smartphone app.
Investors including New York Angels, Caerus Ventures and Jonathan Segal, Founder and CEO of The ONE Group, participated in this round, with new investment from Mike Germano, CEO of Carrot Creative.
Dash also released a iOS 7 update for the Pay with Dash app that incorporates location-aware BLE to automatically check-in patrons as they walk into a venue. Also a stored credit system allows both Pay with Dash users and venues to pay with and offer credit that can be used towards any Dash tab.
“The growth of the mobile payments industry is evident– and it’s here. Pay with Dash provides a 360-degree mobile payments solution for both vendors and patrons,” says co-founder at Dash, Jeff McGregor. “We’ve managed to streamline the process and seamlessly connect the consumer-facing app with the back-end app built for venue owners or managers, similar to the Uber app for their users and their drivers. With these new funds, we will be rapidly expanding our partner network in New York and hope to launch in several new cities before the end of the year.”
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