Toast is an progressive fintech that provides cloud-based level of sale know-how to disrupt the restaurant business
Toast was constructed to make eating places higher. The progressive fintech offers a collection of digital applied sciences that assist eating places modernise, digitally rework and higher serve prospects.
The enterprise was based in 2011 and launched in 2013, initially as a client funds app for a restaurant market that was quickly outgrowing the standard tech boundaries and legacy level of gross sales techniques.
Founders Aman Narang, Jon Grimm and Steve Fredette realised there was a greater answer for eating places.
Particularly, one which may very well be deployed simply, accessed from anyplace and was easy and intuitive to make use of.
The consequence was Toast Level of Sale – launched in 2013, constructed on Android and primarily based within the cloud.
Subsequent improvements continued to show profitable: in 2014, for instance, the enterprise launched built-in on-line ordering, reward playing cards, loyalty and kitchen show techniques, whereas in 2018 it launched ToastGo.
The latter was the primary handheld level of sale platform designed particularly for the restaurant neighborhood.
At this time the corporate employs greater than 2,000 folks and has over 70 know-how companions.
Toast was named the third quickest rising know-how firm in North America by Deloitte in 2017 and, in June 2018, grew to become the main cloud-based restaurant administration platform when it secured Sequence D funding of $115mn. This valued the corporate at $1.4bn.
Toast and know-how
At this time, Toast boasts a collection of applied sciences for the trendy restaurant.
These embody Toast Level of Sale, a gross sales platform that permits eating places to extend income, streamline their operations and supply a larger buyer expertise.
Toast Level of Sale is predicated within the cloud. This permits customers to entry information anyplace and any time; it may well additionally incorporate different functions from know-how companions, making it scalable.
The product incorporates handheld know-how and affords superior analytics and reporting, together with cloud-based entry to key experiences and gross sales efficiency.
For instance, its gross sales abstract operate permits for the monitoring of efficiency over a given time interval, whereas a unified view of web gross sales or labour prices may also be given for a selected location.
Toast additionally affords a digital on-line ordering platform that improves the ordering course of for kitchens, a payroll and staff administration platform and extra.
Different options embody a no-contact visitor system that reduces individual to individual contact, and entry to functions from its associate ecosystem.
Discover out extra about Toast right here.
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