Flypay believes in doing the hard work, so you don’t have to. Flypay is an innovative London startup that has developed a technology which lets its customers pay their own bar and restaurant bill at their table, order more food, set up a tab or order ahead for takeaway. Its goal is to make life easier for both restaurants and customers by handling the process of ordering and paying for food.
Since launching in 2014 Flypay has teamed up with major British restaurants such as Jamie’s Italian, Wahaca, Burrito Mama and Gourmet Burger Kitchen. In 2015 the company secured £7 million in Series A funding from Time Out Group, which allowed the business to further develop and expand it’s concept.
From a business owner’s perspective, Flypay offers a single system platform ‘Flyt’, which eliminates the need for multiple devices but rather integrating value-added technologies into a point of sale. Flyt also does the hard work for you as it connects your service to the operators existing hardware.
The concept of Flypay and the software components associated to creating such a platform are considered to be Research and Development. As a result the company is eligible for a significant rebate on its R&D expenditure. The available tax relief on R&D activities is very generous and should be utilised, to find out more contact a Swanson Reed R&D specialist today.