PaidIt
Digital Payment Platform for Restaurants and Bars
Company Overview
Snapshot
Founded in January 2017 by Eilon Elhadad, Daniel Khayat, and Rotem Natan, PaidIt operates with 1–10 employees. The company raised $1 million across one funding round from two investors. In April 2020, PaidIt was acquired by Verifone.
Business overview
PaidIt is a digital payment platform specializing in mobile applications for restaurants, bars, and cafes. The company's core technology enables users to pay at the table, share, and split checks by scanning a QR code and selecting their preferred payment method. PaidIt operates within the Fintech & Insurtech sector, focusing on mobile payments and point-of-sale solutions for the food retail and consumption industry in markets like Israel.
Strategic signal
In April 2020, PaidIt was acquired by Verifone, a multinational payment solutions provider. This acquisition signals a strategic move by Verifone to integrate mobile payment and pay-at-table technologies, enhancing its offerings in the restaurant and hospitality sector and validating PaidIt's digital payment platform.
Log in to access full profile ›Company Intelligence Q&A
- When was PaidIt founded and by whom?
- PaidIt was founded in January 2017 by co-founders Eilon Elhadad, Daniel Khayat, and Rotem Natan.
- What is PaidIt's primary business activity?
- PaidIt provides a digital payment platform with a mobile application for restaurants, bars, and cafes, allowing users to pay at the table, share, and split checks.
- When was PaidIt acquired and by which company?
- PaidIt was acquired by Verifone in April 2020.
- What was PaidIt's total disclosed funding?
- PaidIt raised a total of $1 million across one funding round in June 2018.
- Which investors participated in PaidIt's funding round?
- In June 2018, PaidIt secured $1 million in funding from Madgera and one other investor.