No More Waiting for the Bill
Founded by de Wendel and entrepreneurs Tigrane Seydoux and Victor Lugger of Big Mamma Group Restaurants, the fintech company developed a digital payment app that allows consumers to pay for their meal whenever they are ready, without waiting for an available staff member to ring them up.
A restaurant working with Sunday simply sets out QR codes for tables in the business. Guests can then use the app built by the fintech startup to scan the code, which brings them to a convenient interface sporting the menu for the venue in addition to the bill for the table.
When the customers are finished, they select the pay option on the Sunday app, which includes integrated tools for splitting the bill as well as tipping the staff. According to the digital payment startup company, after using the app for a year in Big Mamma Restaurants, servers received 40% more in tips while customers and staff saved around 15 minutes at each table.
"The sunday offering will use technology to make the dining experience more efficient and safer for the consumer and the restaurant staff," said Michael Gilroy of Coatue. "We are excited to be supporting this proven team of entrepreneurs as they scale their business around the world."
Disrupting Digital Payment in Physical Retail
While digital payment solutions often focus on the ecommerce space, Sunday intends to revolutionize digital payment methods for physical retailers, starting with restaurants. Market research expects the global digital payment market to reach $236.10 billion by 2028. The startup fintech company may find competition from others, including mobile payments business Dash, which allows users to manage their restaurant or bar tabs from their smartphones.
About the Author
James White is a Michigan State University graduate with a BS in Environmental Biology. He is interested in reporting emerging trends in technology, especially with regard to alternative energy and environmental conservation.