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NOQ

United Kingdom
Market: Public catering, Food industry, Services, Mobile applications
Stage of the project: Operating business

Date of last change: 17.12.2021
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Idea

Real-time F&B management platform for events. Allowing event organisers operationally handle multiple vendors, whilst providing visibility on all sales, sustainability and carbon footprint.

Current Status

£750k+ transactions on our mobile ordering solution alone. 50k+ users of mobile ordering. EPOS with a day-to-day solution for the hospitality sector released in November 2021 and deployed across 10+ sites. Working with several event organisers to use the management platform, including the Scottish Open, European Tour.

Problem or Opportunity

Payment solutions providing ability to process transactions. Event management platforms help you gear up for an event. We are solving the needs of real-time F&B management at an event, through our event centric payment solutions, fed intou our management platform. Event organisers can handle multiple vendors, manage permissions, instant revenue splits, obtain visibility on sales and most importantly, manage an end-to-end understanding of purchasing of ingredients to what has been sold by each vendor in order to produce reports on sustainability and recording of carbon footprint.

Solution (product or service)

Event organisers pay a licence fee for our management platform. Add events. Add vendors to events and manage their permissions. Vendors log in and enter menus, pricing, pictures. Vendors also insert ingredient breakout, to then determine the supply required for the event. This is connected to a supplier marketplace, verified for sustainability purposes. In-event, all F&B transactions are taken through NOQ's payment solutions, such as mobile ordering, EPOS card ordering and all fed into the management platform for real-time insights and reporting. Carbon footprint is calculated post event.

Business model

Payment solutions earn us a service fee per transaction, whether this is mobile transaction or card payments. We also charge licence fee for the F&B management platform, which is dependent on the number of event days and number of vendors that are being managed.
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