TORONTO and NEW YORK – September 1, 2020 – TouchBistro was named to the CB Insights third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. TouchBistro was recognized for its achievements in payments processing. “In the last three years, TouchBistro has established several partnerships with leading financial institutions in domestic and key international markets to bring integrated payment processing to our customers,” says Alex Barrotti, founder and CEO of TouchBistro. “This has provided a much-improved experience for our customers by eliminating the need for separate payment devices, and reducing payment processing time and manual re-entry errors. Payment processing is now a prime function in our core platform.”
The TouchBistro POS and payments platform is used to streamline and simplify all aspects of running a restaurant – from order taking, payment processing, menu management, and accounting, to reporting, inventory management, staff scheduling, reservations, marketing and customer loyalty. TouchBistro helps restaurateurs drive top line revenue growth, improve their operational efficiency, and make the decisions that help them survive and recover in these challenging times through software automation, predictive data insights, and seamless access to financial services. According to CB Insights, since 2019 there have been 87 mega-round (US$100M+) equity investments to this year’s Fintech 250. TouchBistro has raised C$275 million in funding to date and processed more than US$11 billion in 2019.
“We’re proud to, once again, recognize the 250 best private fintech companies globally. This year’s Fintech 250 represents 25 countries and spans 19 categories – reimagining everything from retail banking and crypto, to insurance and asset management,” said Anand Sanwal, CEO of CB Insights. “The previous Fintech 250 class raised more than $22 billion in investor financing and saw more than 20 exits after being recognized, and we expect this year’s class will have similar success as they continue to transform how people and businesses spend, save, borrow, and invest their money.” Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of 16,000 companies, including applicants and nominees, based on several factors. These factors include patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
TouchBistro is an all-in-one POS and payment processing platform that makes running a restaurant easier. Every feature of the intuitive, easy-to-learn platform is designed for the unique workflows of restaurants to achieve optimum operation efficiency and an exceptional dining experience for patrons – whether inside the dining room, on the patio, or take out. TouchBistro automates functions that help restaurateurs run a better business, even when a pivot in operations is necessitated by external influences or changing market conditions. TouchBistro simplifies and streamlines business operations by seamlessly integrating the most essential restaurant tech solutions in one place – including POS, Payments, Reservations, Loyalty and much more. TouchBistro offers in-depth training and free 24/7 technical support to the over 25,000 restaurants it powers worldwide. With offices in Toronto, New York, Austin, Chicago, London, and Mexico City, TouchBistro is a trusted global leader that partners with restaurants to improve their business operations. For more information, visit www.touchbistro.com.
Boulevard Public Relations (for TouchBistro)