Midlands tech startup receives £1.2 million in funding
Midlands-based, mobile payment and epos startup Swoopos has received a combined investment of £1.2 million in order to drive its UK and international rollout into new sectors, including a new office being opened in Milton Keynes to join the current one, which is based in Wolverhampton.
Offering seamless mobile ordering and payment, an inventory and staff management system, and extensive customer data and analysis, as well as beacon marketing and a customer loyalty scheme, Swoopos alleviates a lot of the challenges facing the hospitality and retail sector. Following its investment, which includes a global VC, Swoopos will now rollout a superior version to the market (v.2.0) with a range of new features that will keep the company at the forefront of innovation in the mobile payments and epos space.
Ahead of the startups’ plans to rollout beyond the Midlands, CEO Lee Nazari commented on the support Swoopos, which has worked with international brands including Subway, Costa Coffee and Second Cup Coffee, has already received: “Swoopos has made an impressive impact on a huge market in such a short space of time, and this would not have been possible without the guidance we received in the early days from the Entrepreneurial Spark Powered By NatWest business accelerator. They saw the potential of Swoopos when it was just a business plan. And I encourage anyone with a business idea to join one of their many accelerator programs. I will be forever grateful to them.
“Our mission is to empower hospitality and retail SMEs with a cloud system that helps them run their business much more effectively. We have already learnt a lot and achieved so much on a limited budget, and this new investment, we can now approach the next phase with experience behind us and deliver the impact where it is needed most.”