Paytronix Secures $10 Million to Expand Capabilities and Help Serve Restaurants During COVID-19 Crisis
April 28, 2020 - Paytronix Systems has secured $10 million in funding, led by Great Hill Partners, a Boston-based private equity firm, and the company’s cofounders.
The technology solution provider, which specializes in loyalty, rewards, gift, mobile applications, order and delivery, and guest engagement analytics and business intelligence software, received a $65 million growth equity investment from Great Hill Partners in 2018. Also investing in the new funding round is Tim Ridgley, founder of Open Dining, which was acquired by Paytronix in August 2019. Within the financing is expanded credit from Silicon Valley Bank. Read More