Cover reels in USD1.5m for restaurant payment solutions

Secured investment

Cover, an app for paying restaurant bills, has raised USD1.5m in a funding round led by O’Reilly AlphaTech Ventures, with further participation from an assortment of angel investors. The New York-based mobile app, still in private beta mode, is designed for large groups at restaurants that need to split a single bill.

By logging in at the start of a meal, users can have their meal automatically billed to their card. There is an additional setting to allocate payment to anyone covering the cost of another person’s meal.

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