Overfunding: Orders & Payments App Zapaygo Surpasses £250,000 Funding Target Through Latest Crowdcube Round
by Samantha Hurst
Zapaygo Investments, a UK-based ordering and payment mobile app, has not only secured its initial 250,000 funding target, but it is also now nearing £515,000 through its equity crowdfunding campaign on Crowdcube.
Founded in 2015, Zapaygo describes itself a smartphone application that allows users to pre-order & pre-pay for services, food, and beverage or goods to be delivered or collected. The mobile app can also be used for instant payments.
“Zapaygo provides a menu of goods or services and a pre-order and payment facility to consumers through a free smartphone application. The technology has been developed to innovate an age-old customer problem and to help venues and visitors improve their customer experience. Zapaygo will become the leading mobile payment platform in the sports, leisure and hospitality sectors. The app streamlines the ordering and payment process in bars, restaurant, stadiums and many other venues, helping users and all types of businesses by reducing wasted time in queues and enhancing the service experience for everyone.”
Zapaygo also listed benefits for businesses using its system:
- Less cash on site
- Ability to market to existing customers/Zapaygo users
- Offer discounts/rewards to encourage repeat visitors
- Combining app orders and orders to staff into one payment
In regards to what the funds from the Crowdcube round will be used for, Zapaygo added:
“Zapaygo’s fundraise is to take the product to market, and with the likes of Deliveroo and UberEats success, we are focused on covering customer/corporate convenience in collecting F&B. Zapaygo Delivered is in the early stages, and aims to offer ‘order to delivery’ end to end services. We will develop the opportunity to list on AIM, advised by Holland & Bendelow listing specialist, potentially offering early liquidity opportunities for investors.”
The campaign is set to close mid-June.