The intuitive mobile food & drink ordering and payment app for venues to thrive while being COVID secure.
- Proprietary technology to pinpoint guest location
- Integrated with one of the largest POS systems in hospitality
- The team successfully launched mobile ordering to hotels in 2010
- Highly experienced team with successful track record
Running a F&B venue, such as a pub, restaurant or cafe, against a backdrop of a global health scare and ever-changing rules is challenging. Venues are recommended to provide social distancing tech to ensure a safe, clean and friendly environment to staff and customers.
Delivered by a team with strong industry experience, including the founder of a hospitality platform valued at £20m & CIO who sold his tech company for $12m.
FETCH is an intuitive app that allows customers to order and pay from their phone. They can view a menu, order food & drink and pay, all in a matter of seconds, all completed securely with no need for contact, from the only device they trust - their own.
FETCH’s “intelligent” ordering system, sends orders to venue staff’s own devices according to who has the fewest orders waiting. Unlike some competitors, there are zero setup fees & low barrier to adoption.
POS8 are currently developing a LIDAR & beacon location tech to pin-point guests to an accuracy of 10cm.
Once they’ve decided which venue they wish to eat at/order from, a consumer will select food and drinks through the app, at which stage we facilitate the payment.
FETCH charges a transaction fee for every food and drinks order placed through the app. Typically this is 5%. Out of this 5% we pay card processing fees of 0.25% for debit cards, 0.55% for credit cards and 1.9% for Amex.
58% of under 45s would order more in a fast food or casual dining restaurant if it was easy to order on mobile, and 64% of under 45s say that most bars, cafés and restaurants aren’t making the most of technology.
While most competitors provide a huge barrier by charging upfront, our pay-per-transaction model means we believe we are well-placed to dominate this £98billion market.
The more venues, the more orders, the more revenue. For context, if we can sign just 2,000 venues, this will provide a monthly revenue of approximately £1million.