Check, a Tenerife-based startup specializing in QR-based Order & Pay technology, has successfully raised €624,000 in a new funding round. This investment round saw participation from notable investors such as Eduardo Serrano from Esma Consulting and executives from leading multinational food and beverage firms, software industry leaders, and prominent entrepreneurs. The capital injection reflects the project's considerable potential and will support Check's strategic growth plans.
Since its inception in 2022, Check has experienced remarkable growth, establishing a strong presence in the Spanish market and expanding its customer base to France and Mexico. The company has emerged as a key QR technology solution provider for restaurant ordering and payment systems. With this latest funding, bringing the total raised to €1.4 million, Check aims to further strengthen its infrastructure and accelerate its international expansion. Founded by Iñaki De La Fuente Gaztañaga and Pello Intxausti Rodriguez, Check reported impressive revenue of €316,041 in 2023, positioning itself as Spain's fastest-growing QR payment and ordering tool. The founders emphasized the strategic importance of receiving investment from stakeholders with relevant industry experience, which will enhance the product's scalability and effectiveness in transforming digital consumption patterns.
The success of Check's funding round and its subsequent expansion plans represent a significant milestone for the startup and the QR-based Order & Pay technology sector. As digital consumption patterns continue to evolve, there is a growing demand for innovative solutions that streamline customer experiences in the restaurant industry. Check's unique offering has not only attracted substantial investment but has also enabled the company to establish a foothold in the Spanish market and expand into new territories, such as France and Mexico. The participation of notable investors, including industry leaders and entrepreneurs, highlights the potential they see in Check's growth trajectory and the wider implications for the adoption of QR technology in the restaurant industry. Their strategic investment will undoubtedly play a crucial role in helping Check achieve scalability and effectiveness, further solidifying its position as a key player in the market.
The impressive revenue growth that Checks experienced in 2023 demonstrates the market's receptiveness to its innovative solution. As the fastest-growing QR payment and ordering tool in Spain, Check is well-positioned to capitalize on the growing demand for seamless and efficient digital ordering and payment systems in restaurants. The company's founders are committed to leveraging their investors' expertise and experience to drive further innovation and establish Check as a global leader in the industry. As Check prepares to allocate its newly acquired funds towards infrastructure development and international growth, the company is well-positioned to redefine the restaurant industry's operations and customer experiences. The seamless and efficient nature of Check's QR-based Order & Pay technology addresses the evolving needs of customers and restaurants alike. This innovative approach streamlines the ordering and payment process, creating a frictionless experience for both parties.
By expanding into new markets, such as France and Mexico, Check will introduce its cutting-edge solution to a broader audience, allowing more businesses and customers to benefit from the advantages of this technology. The rapid adoption of digital tools in the restaurant industry, coupled with Check's impressive growth and strong investor support, signals a significant shift towards a more efficient and customer-centric future. As Check continues to evolve and innovate, its influence on the industry is expected to grow, making it a catalyst for change in the way restaurants and customers interact. This transformation will create new opportunities for businesses to improve their operations and enhance customer satisfaction while enabling customers to enjoy a more convenient and streamlined dining experience.
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