July 11, 2014
According to estimates from research analyst firm Double Diamond Group, the market
Yesterday (10th July, 2014), Restaurant Bill Payment App – Cover – announced that they had raised $5.5 Million in a new round of funding
I’m thrilled to announce Cover’s Series A, led by Spark Capital. This new investment
Andrew’s involvement for a lot of reasons: he’s a product thinker with an engineer’s brain; he’s had experience with marketplaces and location-based services; he’s a genuinely nice dude to be around. But we also wanted it because he saw Cover, immediately, as we see it - and the same can be said of the other Spark partners, wrote Andrew Cove, in the same blog statement. When Mark and I walked out of a meeting with all of the partners I felt that they had a clearer picture of the company, of the vision, and of us, than anyone else we’d met. We’re excited to work alongside them and to join the tight-knit community of companies in their portfolio.
Some of the other companies operating in this space include Tabbedout, MyCheck, Elacarte and Dash. The free Tabbedout app for iPhone and Android enables consumers to open a tab with their smart phone, see their tab in real-time and pay the tab anytime, anywhere. Users can even split the check paying just their portion directly from the app. Tabbedout says its mobile payment solution integrates directly with the merchant’s point-of-sale (POS) system without the need of additional hardware. Tabbedout also provides validated payment information when a tab is first opened.