CAKE

paymentspos/mobile pos

FOUNDING YEAR:
LOCATION:
Last Update: 05/07/2020

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About

Leapset rebranded as Cake Corp, CAKE is a restaurant management and POS solution provider. It provides offline retailers with a cloud-based system that allows them to manage orders, process payments, reward customers, and offer mobile ordering through an easy to use POS.

Focus

PRODUCTS & SERVICES

A POS solution; Guest management system: For waitlist management to organizing reservations; Cake Connect: A social media connect platform.

REVENUE MODEL

The hardware, which is a Point of Sale system, is supplied on a contract costing the restaurant a few dollars daily. It also receives a share of any new revenue it helps bring to the business. Leapset’s negotiating power with banks has allowed the firm to share in the benefits of lower commissions on credit card payment processing with the restaurateur.

MAIN CLIENTS

Restaurants and consumers

EXISTING PARTNERSHIPS

SYSCO Corp.

PayPal

Intuit Quickbooks

Xero

Avero

Orca

Traction

VALUATION / MARKET CAP:

$166.67 M in 2015

Momentum

FUNDED

YES

TOTAL FUNDING

$32 M

DATE OF LAST FUNDING

May 2019

SEED & PRIOR FUNDING

$1 M

SEED PRIOR FUNDING COMMENT

$0.15M - Debt

FUNDING SERIES

SERIES A  · $6 M  · ---

SERIES B  · $25 M  · ---

LISTED

NO

BASICS

Views:

34 VISITORS | 59 VIEWS
LATEST FUNDING ROUND

$32 M

About

Leapset rebranded as Cake Corp, CAKE is a restaurant management and POS solution provider. It provides offline retailers with a cloud-based system that allows them to manage orders, process payments, reward customers, and offer mobile ordering through an easy to use POS.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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