ready2order builds an integrated point-of-sale platform for small and medium businesses in hospitality, retail and service industries. Its system extends beyond transactions to customer and inventory management, mobile payments and advanced analytics. The Vienna-based startup has thousands of customers in Austria and Germany. It raised €5 million in seed funding to further develop its technology for European businesses. CEO Markus Bernhart says POS data creates openings to offer financial services such as analytics, tax management, insurance and loans. The company intends to position ready2order as a one-stop platform for SMEs and to capitalise on demand for POS upgrades driven by Germany's tamper-proof POS law taking effect in January 2020.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2020