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Snackpass

Snackpass

Mobile ordering and POS system for restaurants

About

Snackpass provides a comprehensive solution for quick-serve restaurants, integrating mobile ordering, self-service kiosks, and an all-inclusive point-of-sale system. With its AI-driven technology, this platform enhances operational efficiency and cuts down labor expenses for businesses. Additionally, Snackpass fosters a community through its social buying features, allowing users to share loyalty points with friends, which in turn helps restaurants expand their customer base and encourage repeat visits.

Company Stage

Series B

Employees

51-200

Industries

Consumer Software, Food & Agriculture

Total Funding

$93.1M

Headquarters

N/A

Founded

2017


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Simplify's Take

What believers are saying

  • Snackpass's rapid growth and $70M Series B funding round indicate strong investor confidence and financial stability.
  • The platform's popularity on college campuses and among celebrity investors suggests a strong market presence and brand appeal.
  • Crossing 500K users demonstrates significant traction and potential for further user base expansion.

What critics are saying

  • The competitive landscape of restaurant management and food ordering platforms is intense, requiring continuous innovation to stay ahead.
  • Integration challenges with acquired companies like Sleektext could pose operational risks.

What makes Snackpass unique

  • Snackpass combines social e-commerce with restaurant operations, creating a unique platform that integrates social interactions with food ordering.
  • The company's focus on self-serve technology and streamlining operations sets it apart from traditional restaurant management systems.
  • Partnerships with companies like Stord and acquisitions like Sleektext enhance Snackpass's capabilities in supply chain management and customer experience.

Growth & Insights
Headcount

6 month growth

↓ -4%

1 year growth

↓ -9%

2 year growth

↓ -25%

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