Flypay Raises £1M To Make Settling Your Restaurant Bill

Flypay, a UK based startup whose app wants to make the settling the restaurants food bill “waiter-free” and speedup the process. Company says to never mind poor service or food but the true experience is actually paying the bill at the end of the meal is a pain point for restaurant market. At the firm’s official launch today, announcing the £1 million funding from Mobile Payment specialist Entreé and £150,000 seed that they raised from unknown source last year. This new capital will be used to scale its technology and marketing division for example partnering with multiple restaurants in UK and make its way to tech industry.

Flypay says “For restaurant operators, the advantages are two-fold. First, of course, the process of settling a bill doesn’t tie up a waiter, who can continue serving other customers instead of faffing around with chip ‘n’ pin. In fact, Flypay reckons it currently takes an average three visits by a waiter to enable a customer to settle their bill.And, by app-ifying this process, there’s an additional payoff. The startup is able to offer in-app customer loyalty a scheme in which Flypay integrates with restaurant marketing and CRM systems to potentially provide rewards and discounts for a restaurant’s most valued customers or to entice repeat visitors.”

The app is available for iPhone and android phones so question is how does this work??---usually it takes us 10 minutes to clear the bill but with this app we can do this within seconds, you can simply scan a on-table QR code/NFC tag to first call the bill, they using the app, you can check out the bill entries and pay with credit or debit card, you can share the paying with others at your table with spiriting the bill equally. So that’s how it all work they wanted to make it more simple and easy with adding more features.