The independent restaurant customer, most likely adopting restaurant operation technology for the first time, is who Fudo is targeting.
This new fund triples the firm’s assets under management and will enable the pair to invest in another 25 to 30 companies.
Now flush with new capital, the company plans to launch some embedded financial products for the independent workers using its marketplace.
Inventa’s online platform recommends products based on actual transaction data and provides credit, in 30-, 60-, and 90-day increments, to retailers.
The new capital will provide support as the company aims to grow 10 times over the next 12 months and add new features to enhance the financial inclusion and literacy of customers.