Platform deal

Revolut snaps up hospitality point of sale business

Martin Gilbert

Chairman: Martin Gilbert

Revolut, the global banking superapp, has moved into the physical point of sale business after acquiring a hospitality industry technology provider.

The company, chaired by Scots fund manager Martin Gilbert, says the move will further its attempts to become a “one-stop shop” for its customers to manage their businesses and finances on a single platform.

London-based Nobly has developed an electronic point-of-sale (ePOS) system for restaurants and other hospitality businesses.

The system helps them to manage operations, payments, inventory, table service, loyalty programmes, and online ordering in one app.

Nobly currently serves merchants across the UK, US and Australia and its technology will be integrated with Revolut’s payment hardware and payment processing offering.

The details of the transaction were not disclosed.

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.

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