PayFacto has acquired iShopFood, a Quebec City-based company specializing in online ordering software solutions for the restaurant industry. No financial terms were disclosed. Montreal-based PayFacto Payments, a provider of payment solutions and point-of-sale technologies, last year raised a C$150 million financing led by Flexpoint Ford and joined by BMO Capital Partners.
MONTRÉAL, Jan. 6, 2022 /CNW Telbec/ – PayFacto, a Canadian leader in integrated payment solutions and hospitality technology, has announced it has acquired iShopFood Inc., a Québec-based company specialized in online ordering software solutions for the restaurant industry. The transaction enables PayFacto to complement its current product and service offering with innovative all-in-one solutions for in-restaurant and online ordering, interactive ordering kiosks and QR-code-based payment capture.
A complete, integrated suite for restaurant owners
Following the 2019 acquisition of Maitre’D and Veloce restaurant POS software systems, this transaction consolidates PayFacto’s leadership position in the industry and reflects its commitment to offering innovative, affordable turnkey solutions to constantly improve customer service. Restaurant and food services players can now access a comprehensive service offering from a single provider, encompassing an ecosystem connecting online, mobile and in-restaurant ordering, kitchen display systems and pay-at-table solutions.
The accelerated development of online ordering and delivery solutions for the restaurant and hospitality industry has brought challenges for many business owners over the past two years and PayFacto is looking to meet the growing demand for tools that are both useful and user-friendly. This enhanced service offering will also be a valuable stepping stone for the company to access new markets in Canada and the United States.
Headquartered in Montréal with operations in Canada, the United States, and the United Kingdom, PayFacto is a leader in payment and hospitality solutions, including its new VelPAY, an all-in-one integrated payment and POS solution. Recognized for its expertise, agility, and execution, PayFacto enables merchants of all shapes and sizes to take control of their electronic transactions. With its own proprietary payment gateway and point-of-sale technology, PayFacto offers a unique suite of integrated payment and POS solutions supported locally through its extensive network of hundreds of distributors and resellers. For more information, visit payfacto.com.
iShopFood is an ordering platform aimed at empowering the restaurant and hospitality industry by offering an online ordering solution, self-serve kiosks, digital menu boards, a loyalty program and multiple other tools. Synchronized with the technologies already in place, the solution creates an ecosystem that improves sales and automates the business processes. Founded in 2015, iShopFood now has clients in Canada, US and the UK and is working to expand these markets. More information can be found at https://ishopfood.com.