TabbedOut

paymentsbill payments

FOUNDING YEAR: 2009
LOCATION: United States
Last Update: 17/07/2020

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About

The #1 Mobile Payment solution for bars and restaurants. Ditch the CC and OPEN, VIEW & PAY your tab with your phone! It's like magic & the future, all in one!

MEDICI Analysis

TabbedOut enables customers to open, view, and pay bar or restaurant tabs from their smartphones. It is a marketing and analytics platform built exclusively for the hospitality industry and powered by mobile payments.TabbedOut allows the merchant to accept mobile payments integrated into their POS system.

Focus

PRODUCTS & SERVICES

Payment API, Payment tools, Recurring billing. It is the easiest way to pay at a bar or restaurant.

REVENUE MODEL

The company generates revenue from Nominal monthly fee for the service

MAIN CLIENTS

T.G.I Friday's

EXISTING PARTNERSHIPS

Harbourtouch

FuturePOS

MasterCard

Pernod Ricard,Google Wallet

COMMENT

TabbedOut provides no specialty hardware to restaurants and doesn’t allow customers to order food. Its free app provides the same fast checkout as Apple Pay or GoogleWallet, with custom analytics to the dining venue and rewards from Citibank and other partners to diners.

Traction

VALUATION / MARKET CAP:

$268.75 M in 2015

Momentum

FUNDED

YES

TOTAL FUNDING

$13.7 M

DATE OF LAST FUNDING

Dec 2015

SEED & PRIOR FUNDING

$250 K

SEED CLOSED ON

Jan 2010

FUNDING SERIES

SERIES A  · $3.7 M  · May 2011

SERIES B  · $7.75 M  · Oct 2013

SERIES C  · $2 M  · Dec 2015

DEBT FUNDING

$3.51 M

LISTED

NO

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