Russell-Cooke’s corporate and commercial team has advised wi-Q, a mobile ordering and payments platform, on its latest investment round, which raised £3 million including from venture capital investor Praetura Ventures. The investment will help wi-Q enhance its product offering and expand its international footprint.
Founded in 2014, wi-Q provides mobile ordering and payment services to the hospitality and leisure industry, supporting a broad range of customers across 32 countries, including some of the world’s largest hotel chains, fast casual dining and home delivery brands. wi-Q is headquartered in Manchester, and has offices in London and the Middle East, but is now looking to expand into the US and the Asia-Pacific region.
Chief Executive Officer of wi-Q, Patience Tucker, said: "I am excited for what will be the most transformational phase for both wi-Q and hospitality technology.
"The global pandemic has accelerated both the demand for, and adoption of mobile ordering, and hospitality brands will want to have much more than ordering functionality to give them a competitive advantage.
"With this investment, we are looking ahead to the next chapter that will see convergence of technology to generate revenue and digital engagement.
"The most innovative hospitality brands are already working with us to bring big data and AI into their wi-Q solution to maximise guest experience and revenue opportunities."
Russell-Cooke's corporate and commercial team helps both investors and businesses at all stages, whether looking to put in place traditional or more innovative sources of finance, including:
- institutional lending (including bank borrowing)
- EIS and SEIS
- angel investor funding
- friends and family funding
- private equity and venture capital investment
- crowdfunding and other alternative investment mechanisms