- Strategic partnership between Foodics and Mobily signed during LEAP24
- Foodics One is an All-in-One POS Tech for Micro retail businesses
05 March 2024, Riyadh, Saudi Arabia. Foodics, the leading Restaurant and Payment Tech company in MENA, has announced it has signed a strategic partnership with Mobily, one of Saudi Arabia’s largest Telecom operators in order to empower Micro-Retail businesses with POS Tech. This announcement was made during LEAP24.
The MoU signed between Foodics and Mobily Business aims to support investment in digital services and facilitate sales operations. Foodics One is a compact, ZATCA-compliant, all-in-one POS Tech for micro retail businesses and service providers operating in non-F&B sectors.
Since it was founded in 2014, FOODICS has consistently focused on digitizing the F&B sector and has also been looking to replicate its success across retail. With SMEs accounting for 99,5% of all businesses overall in Saudi and the retail sector in KSA forecasted to witness exponential growth leading up to the year 2030, this has been a significant opportunity for the company, which Foodics One capitalized on.
Kamal Marghlani, Foodics GM, KSA said, “We are delighted to have partnered with such a leading telecom player as Mobily. It allows us to strengthen our business distribution reach and to further accelerate digitization in the SME retail sector. When we entered this new vertical in our home market last year, this was an opportunistic and complementary vertical, which has allowed us to cement our dominant position in the market.”
Foodics One is a single device which has a built-in cashier, fast printer, and secure payment gateway, which enables Micro businesses and SMEs to have a mobile mini-POS enabling them to take orders quickly, and also accept payments seamlessly with an all-in-one POS combined with a powerful yet compact payment product.
For more information about Foodics One POS device from Foodics, please visit the link: https://www.foodics.com/en/one/.
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About FOODICS:
FOODICS is the leading Restaurant and Payment Tech company in MENA, with an innovative 360° SaaS ecosystem making it a pioneer in the regional F&B industry. Formally licensed as a Fintech company by the Saudi Central Bank (SAMA), the company’s vision is to build a complete restaurant management ecosystem that enables owners to run their operations seamlessly and grow their business. Its mission is to empower restaurant and merchant owners with a comprehensive cloud-based POS system to enrich their operations.
FOODICS caters to every segment of the F&B sector from traditional dine-in restaurants, cafés, quick service restaurants, bakeries, food trucks through to cloud kitchens and non-food micro-retailers. Since its inception in 2014, it has successfully processed over 6 billion orders through the platform and raised a record USD170 mil in Series C round, making it one of the most promising SaaS companies to emerge from the MENA region.
For more information, please visit www.foodics.com
About Mobily:
Founded in 2004, Etihad Etisalat (Mobily) is a pioneering Saudi telecommunications company, with significant ownership by the Etisalat Emirates Group and the General Organization for Social Insurance. The company revolutionized the Saudi telecom landscape as the second GSM license awardee, quickly becoming a leader in mobile, broadband, and fixed services across the nation.
Mobily’s rapid growth is underscored by strategic acquisitions and technological advancements, launching 3.5G, 4G, and 5G services ahead of the curve. Owning one of the world’s most extensive fiber-optic networks, Mobily ensures unparalleled connectivity and service quality for individual, business, and carrier sectors in Saudi Arabia and beyond.
For more information, please visit www.mobily.com.sa
