June 27, 2022


A SCOTS tech organization has declared its intentions to go through a crowdfunding challenge in the aims of growing the business.

Hospitality tech organization ePOS Hybrid is aiming to increase £500,000 in its next seed funding round, underpinning its “future expansion“.

The technologies specialist, with places of work in Edinburgh and London, has seen outstanding demand from customers from buyers formerly, achieving 145% overfunding in its first funding round, smashing its initial £250,000 goal.

CEO Bhas Kalangi (L) and Head of Growth Andrew Gibbon.
ePOS Hybrid,
Founder and CEO, Bhas Kalangi
Andrew Gibbon, Head of Development

Andrew Gibbon, Head of Growth at ePOS Hybrid, reported: “The advances we have designed due to the fact our last crowdfunding good results are sport modifying.

“From our conversations with vital buyers around the previous 6 months, it appears that absolutely everyone is definitely excited to be aspect of our future round.

“However, this also represents a good prospect for fascinated customers of the public who missed out on our first spherical, to sign up for us on our fascinating journey as we start scaling internationally.”

He added that the crowdfunding option will go dwell on the renowned Crowdcube system in early May perhaps and is probable to rapidly develop into oversubscribed.

Launched in Edinburgh by laptop or computer science graduate Bhas Kalangi, ePOS Hybrid delivers a suite of completely-related position of sale (POS), fintech and digital buying solutions for hospitality businesses of all measurements.

The firm’s engineering can automate a bar, cafe or takeaway’s functions and streamline the every day duties at a small business.

Its numerous plug and engage in components, together with POS, operations administration and digital purchasing remedies, all work collectively seamlessly on a single platform.

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That enables purchasers to create new product sales channels, raise efficiency and considerably minimize the commissions paid out to 3rd functions, like foodstuff delivery providers.

Andrew included: “In the past two a long time we have assisted hospitality businesses to help save far more than £1.7m in third social gathering commissions.

“That is just 1 of the milestones we have attained considering the fact that our previous funding spherical.

ePOS Hybrid,
Founder and CEO, Bhas Kalangi
Andrew Gibbon, Head of Growth

“In the previous 24 months our system has also processed a lot more than £94m for Uk businesses, a 2,000% enhance given that our past expense round. 

“We’ve also generated a 400% boost in our consumer base, and are now in around 890 Uk destinations processing extra than £6.7 million in sales per thirty day period.

“It is these type of overall performance figures which offers us self esteem that we’ll see strong need in this funding round.” 

The agency has a number of interesting new merchandise in progress and scheduled to launch in the months in advance.

The secured investment decision will permit ePOS Hybrid to roll out its tech to a lot more organizations in the United kingdom, guidance global enlargement into new territories these types of as India and help additional innovation.

Andrew added: “We have a amount of essential expansion spots inside the business enterprise which characterize massive scaling options for us.

“This new funding will permit us to consider advantage of these and generate the business in direction of acquiring our specific 10x expansion around the next two yrs.”