Ialoc, the platform for reservations and quick payments in restaurants, has attracted an investment of 500.000 euros from MaxyGo Invest Holding. The amount will be invested in developing the platform and international expansion.
Before this investment, the company had secured about EUR 300.000 in financing from GapMinder (2018), SeedBlink (2020) and Lister Capital.
By the end of 2023, the company wants to support more than 350 restaurants become more efficient by digitizing the payment process at the table and reach a turnover of one million euros in 2023.
The quick table payments solution was initially tested on 250 tables in a small circle of restaurants and processed more than 300.000 euros, representing approximately 28% of the total restaurant bills.
Ialoc app and website recorded increases of approximately 15% from month to month in terms of the number of customers looking for a place to make a reservation. So far, the app has been downloaded by more than 100.000 customers.
Ialoc is a platform launched in 2017 to manage online reservations in restaurants and cafes. The founders are Cosmin Măgureanu, Emil Muhtu, Marcel Preda, Adrian Grigore and Dragoș Badea.