Sunday lands $100 million more to promote its fintech restaurant solution and expand globaly
Paris-based startup Sunday is bringing the simplest and easiest restaurant payment solution and on top of that is making even cheaper to put their plan in practice with $100 million freshly raised capital from a Series A. The round was co-led by Coatue, Partners of DST Global as well as undisclosed angel investors. The funding will allow Sunday to expand to a wider market of quick service restaurants. The company has raised a total of $124 million since its blastoff.
Newly founded by Victor Lugger, Tigrane Seydoux and Christine de Wendel, Sundayapp is building the fastest, simplest, and cheapest way in the world to pay in restaurant with its QR code paying system for physical restaurants, having won already over 1 million users, and 1,500 restaurant partners. These 1,500 restaurants represent a projected annual transaction volume of $1.59 billion.
Co-founder and CEO of Sunday Christine de Wendel explained: “This new investment round is a remarkable opportunity for Sunday to build a powerful tech stack and develop new product features such as ordering & loyalty programs. It also allows us to accelerate in the U.S. market by growing our sales, operations and partnerships teams. We are now in a very good position to hire top talent to drive the speed and stellar execution needed to succeed,”
The startup is executing at a rapid pace as it has hired 170 employees across five countries, the U.S., the U.K., Spain, France and Canada. With the new funding, the startup plans to expand to new restaurants, launch new features, such as table booking, ordering and loyalty programs. And the company wants to increase its growth rate. By the end of 2022, Sunday hopes to work with 15,000 restaurants. The team will also double in size over the next twelve months.
Source: TechCrunch “Sunday raises $100 million for its fast restaurant checkout flow”