London-headquartered fintech giant Revolut announced the acquisition of ePOS software provider Nobly POS to expand its offering to serve the restaurant and hospitality sectors.
Nobly has developed a comprehensive ePOS system for the restaurant and hospitality industry enabling hospitality businesses to manage their operations with its back office app, order and inventory management systems, kitchen displays, loyalty, and online ordering app.
The company currently serves merchants across the UK, USA and Australia.
Nobly’s product is currently being integrated with Revolut’s payment hardware as well as online and offline payment processing capabilities so that the latter will be able to offer a fully integrated solution to empower merchants to manage their businesses and accept payments easily.
This acquisition will enable Revolut Business hospitality customers to open a digital account, use FX, issue cards and seamlessly manage and sell their products, accept payments online and offline, saving time and reducing direct costs for its customers.
In the future, Revolut said that it intends to launch it’s fully integrated solution across its international footprint and expand its product capabilities to serve its wider retail customers.
Nik Storonsky, CEO of Revolut said,
“The Nobly team has built a great product and expertise which will further advance our mission to offer a one stop shop solution to enable merchants of every kind to manage their finances and run their businesses from a single platform.
Nobly’s ePOS product will enhance our existing Revolut Business offering to make life easy for hospitality businesses. We look forward to working with the team to build more features to support our strong growth.”
George Urdea, co-founder and CEO at Nobly POS comments:
“We built Nobly to enable small business owners and their teams to better serve their customers.
Joining Revolut opens the exciting possibility to take the merchant-consumer experience to the next level, by bridging the rich point of sale data with Revolut’s financial super app.”
Featured image: Edited from Unsplash