Ukranian Developer Gets $1.5 Million to Rollout Waiter-Free Restaurant Payment System
Many companies are looking into new technologies to make bill payment at restaurants waiter-free through the use of smartphone apps and mobile payment systems that connect to restaurant POS systems.Capitalizing on this trend are PayPal's 'Pay at Table' service and it's partner MyCheck in Tel Aviv as well as start-ups like Dash, Tabbedout and Cover in the US and Flypay in the UK. Now, Ukranian start-up Settle is looking to throw it's hat in the ring.Settle recently got a $1.5 million funding injection from a venture fund called Life based in Moscow. The funds will be used to roll out the new technology in Eastern Europe, starting in Kiev and followed by large releases in Moscow and Warsaw.
Settle will provide customers at restaurants with a mobile payment service that allows you to order...