A pioneering Australian cost platform for hospitality referred to as Payo has been named as AIN’s Startup of the Month. The platform was singled out from near 150,000 startups presently elevating on the AIN platform for having ‘a profitable components’ as an investable proposition. The enterprise was given the accolade after a judging course of involving AIN’s professional panel, mixed with a excessive variety of connections from traders.
Payo is a funds and software program answer for small and medium eating places. It solves the issue in hospitality of venues needing to make use of 4-6 completely different cost programs with an all-in-one answer enabling venues to make funds extra merely and cheaply. The Payo founders got here up with the thought following greater than 10,000 conversations with venue house owners and operators over the previous decade in numerous roles.
Startup of the Month is a brand new initiative from AIN to champion and have fun companies on the platform with nice potential and to assist increase their profile. In showcasing these startups, AIN’s goal is to spotlight the qualities of investable companies to encourage and educate others. The group at AIN have been impressed with Payo’s innovation, clear proof of traction and skilled founding group.
The Payo group are on the lookout for funding to finish the back and front finish improvement of the platform, in addition to supporting gross sales efforts to additional progress. The startup has greater than 1,000 venues signed up to date.
Based on Mike Lebus, co-founder of Angel Funding Community: “AIN is the world’s largest on-line angel funding platform and Startup of the Month is about showcasing companies which have a profitable components to realize investor curiosity. Payo demonstrates that in spades, with an answer to an actual world downside for a lot of smaller hospitality companies, real traction and an skilled founding group. We hope different startups searching for funding can study from what they’ve achieved and we want Payo nicely on the remainder of their fundraising journey.”
Based on co-founder and CEO of Payo, Taf Chiwanza: “I’m extraordinarily grateful to AIN for this recognition. It’s testomony to our onerous work and the issues we’re fixing within the hospitality trade. Numerous the issues we’re fixing are actually not simply an Australian downside. This can be a international problem and we look ahead to scaling this and serving to eating places save money and time.”
Try Payo’s pitch here and watch Taf Chiwanza’s Sixty Second StartUp interview.
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