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Paytronix secures $10M in additional funding

Paytronix Systems Inc. has secured $10 million in funding led by Great Hill Partners and Paytronix Co-Founders Matt d'Arbeloff and Andrew Robbins tocontinue to serve restaurant and retail clients during the COVID-19 pandemic.

"Our restaurant clients are suffering, but we've also seen signs of hope," said Robbins, Paytronix CEO, said in a press release. "We know from our experience dealing with boom and bust cycles that loyal guests help get guests through the tough times."

Tim Ridgley, founder of Open Dining, also participated in the funding. Open Dining was acquired by Paytronix in August 2019. Included in the financing is expanded credit from Silicon Valley Bank.

Paytronix has rolled out several technologies to help clients, including: 

  • Rapid-launch order and delivery to enable restaurants to convert to order and delivery models within the next two weeks.
  • Touchless payments and loyalty to link NFC payments to loyalty programs with a single tap
  • New scoring to help companies quickly identify guests that are likely to take advantage of new offerings

Cover image: Paytronix