QikServe secures £0.5m in further funding

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Mobile technology company, QikServe, has announced it has secured a further funding package of £525,000 to support the expansion of its mobile ordering and payment platform, bringing the total investment in the company to £1.1 million.

The new investment includes funding from existing investors, Equity Gap and The Scottish Investment Bank (the investment arm of Scottish Enterprise), as well as new investor, Par Equity.

QikServe provides a self-serve mobile ordering and payment application for a range of hospitality sectors. It has already been delpoyed across the UK and United States in a range of settings, including restaurants, bars, hotels, sports stadiums, airports and tradeshows.

Earlier this year, the company partnered with industry leading companies including PayPal and MICROS, a provider of IT solutions for the hospitality and retail industries. Integration with POS systems has been identified as a key hurdle to widespread adoption of mobile ordering solutions, which usually require businesses to use additional hardware, such as tablets or wireless printers.

Ronnie Forbes, CEO of QikServe commented: “We are delighted to have secured this funding, which will provide the resources needed to support our strategic partners, as well as continue to rollout our mobile ordering system with customers in our target markets. As an innovative company, we are always seeking to expand the capabilities of our technology and so this funding will also help support the continued enhancement of our product.”

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