Velocity Mobile announced the Miami launch of its restaurant payment app and its initial restaurant partners, including 27 Restaurant & Bar, Alter, Bagatelle, The Broken Shaker, Casa Tua, Coya, The Dutch, Driftwood Room, Drunken Dragon, Lure Fishbar and Rockwell.
Velocity has initially launched in Miami with its mobile payments application, and a spokesman said it will introduce the fully integrated app featuring reservations, payments and a global loyalty platform in the first quarter of 2016. Upon arriving at a restaurant, guests check-in on their mobile device and can leave without waiting for a check as the bill, including user-set tip, is charged to the credit card on file. The platform also makes splitting the bill hassle-free.
“Many of the affluent, global trendsetters and the restaurant groups on our network are in Miami, and we intend to commit significant resources to serving our constituents here,” said Zia Yusuf, Velocity co-founder and co-CEO.
In addition to its Miami venues, the Velocity mobile application covers more than 850 global venues, including 74 Michelin star restaurants. The Miami team will initially be led by one of Velocity’s senior executives and former CEO of BlackBook Media, Ari Horowitz, executive vice president of Corporate Development & Strategic Partnerships.
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Market expansion for the United Kingdom-headquartered startup follows the recent acquisitions of U.S.-based Cover, Canada-based Tab Payments and UK-based Uncover. The company secured $16 million Series A financing to accelerate international expansion.