London-based startup Velocity Mobile LTD. has acquired US company Cover Inc. With Velocity seeking global expansion in major markets like Asia and Europe, the acquisition of Cover will add an established network of restaurant venues in the most coveted US cities. Over 350 restaurants in New York City, San Francisco and Los Angeles will now be part of Velocity’s global hospitality platform, making it the largest restaurant mobile payment company in the world.
"We are delighted to have completed the acquisition of Cover, the first major step in ac ...
To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.