Junior AI Forward Engineer

Saudi arabia's Foodics launches AI financing tool for restaurants. Capital 2.0 can assess eligibility, complete onboarding and disburse restaurant financing within four hours. Sep 15, 2026 Restaurant management and fintech company Foodics has launched Capital 2.0, an AI-powered financing platform designed to assess restaurant eligibility instantly and disburse funds within four hours. Unveiled at Money20/20 Middle East in Riyadh, the platform uses restaurants' operational and financial data to assess creditworthiness based on actual business performance rather than a conventional loan application process. Eligible restaurants can select financing terms and access funding digitally, with repayment collected through small deductions from daily settlements instead of a single monthly instalment. Foodics is targeting SR 375 million in financing through Capital 2.0 during its first year. Available products include working capital and supplier invoice financing, with ticket sizes starting at around SR 20,000 and reaching SR 2 million or more for expansion financing. The company said traditional financing can take up to four weeks and may rely on assessment models that do not adequately reflect how restaurants operate, particularly affecting smaller establishments seeking access to capital. Capital 2.0 extends Foodics beyond restaurant management and payments into data-led financial services, using information already generated within its ecosystem to support lending decisions. Alongside the financing platform, Foodics showcased new omnichannel payment tools, instant settlement capabilities and updates to the MyFoodics app, which is being developed as a single account for managing sales, liquidity, receivables and financing access. Foodics operates a cloud-based ecosystem spanning restaurant management, payments and financial services across the MENA region. The company says its platform has processed more than 6 billion orders and has previously raised $170 million in a Series C round.

Foodics launches Capital 2.0 with SAR 375 million restaurant funding target. Foodics has launched Capital 2.0, an automated restaurant funding product targeting SAR 375 million in its first year. Sep 14, 2026 Change language to Foodics has launched Capital 2.0, an automated funding product for eligible restaurants, and is targeting SAR 375 million in funding during its first year. The company unveiled the service at Money20/20 Middle East in Riyadh. Foodics Capital 2.0 uses restaurant data. Capital 2.0 uses a restaurant's performance data and an embedded AI layer to assess funding eligibility. Approved businesses can complete the process through their Foodics account, with the company saying funding can be approved and disbursed within four hours. The product places funding inside the same system restaurants already use for management and payments. Foodics has not disclosed the funding limits, repayment terms, fees or the number of restaurants expected to qualify in the release supplied to tbreak. What Foodics Capital 2.0 means for UAE restaurants. Foodics operates across the Middle East and has an established UAE presence. The company's earlier Money20/20 Middle East announcement described its restaurant-management and payments business in the region. The Capital 2.0 announcement does not confirm whether UAE restaurants can apply immediately, whether funding will be offered in AED, or which local financing rules will apply. UAE operators will need to check their Foodics account for eligibility and terms. Foodics' own site is the current source for product and market information. Tbreak previously covered Foodics' Forward Together initiative and its work with the UAE food and beverage sector. The new product targets a more direct problem: giving eligible restaurants access to working capital without leaving the platform they use to run the business. Foodics has also published its restaurant technology platform overview, which remains the reference point for product availability and regional details. Two newsletters. Zero noise. Pick what lands in your inbox. Unsubscribe anytime. Tbreak Media don't share your email. What is Foodics Capital 2.0? How quickly can Capital 2.0 funding be approved? Is Foodics Capital 2.0 available in the UAE?

Foodics unveils Foodics Black at LEAP, a purpose-built platform for dine-in full-service restaurants. * September 1, 2026 * Foodics announces Foodics Black, an all-in-one platform built for the demands of full-service dining. * Connects the guest journey from reservation to payment, supported by specially designed POS hardware and mobile waiter device. * Partnerships with MJS Holding, Spice, and Wi-Q expand the Foodics Black ecosystem. Riyadh, Saudi Arabia - September 1, 2026 - Foodics, the leading restaurant operations and financial management platform in the MENA region, unveiled Foodics Black at LEAP, an all-in-one management platform purpose-built for dine-in full-service restaurants with embedded payments, including fine-dining and contemporary casual concepts. Built on Foodics' cloud-based infrastructure, Foodics Black is designed around the operational complexity of full-service dining, where delivering an exceptional guest experience requires seamless coordination between front- and back-of-house teams. The platform brings together smart reservations, real-time floor management, seat-level ordering, course pacing, kitchen synchronization, inventory management and table-side payments within a single environment, giving restaurant teams greater control across the entire guest journey, from reservation through to payment. The platform is complemented by new premium and sleek hardware designed specifically for sophisticated dining environments, combining performance and durability with an elevated design that integrates naturally into fine-dining and contemporary restaurant settings, with support for Android devices. For operators, this connected approach is designed to improve service consistency and staff efficiency while helping restaurants reduce waste, optimize workforce allocation and minimize errors caused by disconnected systems. The platform is also compliant with ZATCA's e-invoicing requirements. Ahmad AlZaini, Co-founder and CEO of Foodics, said: "Foodics Black represents our vision for the next generation of full-service restaurant technology: connected, intelligent and built around the guest. It also unlocks a whole new market segment for Foodics, as well as allowing us to support our existing customer base further. We see a significant opportunity to bring enterprise-grade capabilities to restaurant groups across the region while giving them technology that understands the realities of hospitality." At LEAP, Foodics signed a strategic partnership with MJS Holding, one of Saudi Arabia's leading restaurant operators, whose portfolio includes Black Tap, A.O.K Kitchen, Ruya, Mr CHOW, La Terraza, and more, to roll out Foodics Black across its restaurants. The company also signed partnerships with Spice, a dining discovery and loyalty platform that enables guests to discover and book restaurants, and Wi-Q (Wi-Connect), an omnichannel digital ordering solution that consolidates orders from multiple delivery and ordering platforms into a single interface. Together, these partnerships extend Foodics Black across the guest and operator experience, from restaurant discovery and loyalty to ordering and payments, while reducing the need for operators to manage multiple standalone systems and devices. The announcement comes as Saudi Arabia's full-service restaurant sector continues to expand, with the market estimated at USD 16.15 billion in 2025 and projected to reach USD 24.12 billion by 2030. This growth is increasingly being shaped by experience-led dining and the expansion of lifestyle destinations, creating new demands on the technology supporting restaurant operations. Foodics Black will be available across all markets soon. About Foodics. Foodics is the leading restaurant and payment tech company in MENA, with an innovative 360° SaaS ecosystem making it a pioneer in the regional F&B industry. Through this expansion, Foodics launched "Foodics Pay" as a dedicated fintech entity specializing in financial and technology solutions, having officially obtained a license from the Saudi Central Bank (SAMA) to provide innovative financial services that support restaurants and merchants in full compliance with regulatory requirements. Foodics caters to every segment of the F&B sector from traditional dine-in restaurants, cafés, quick service restaurants, bakeries, food trucks through to cloud kitchens and non-food micro-retailers. Since its inception in 2014, it has successfully processed over 6 billion orders through the platform and raised a record USD 170m in Series C round, making it one of the most promising SaaS companies to emerge from the MENA region.