Revolut buys ePOS business

Revolut has announced the acquisition of ePOS software provider Nobly POS.

The move is part of the challenger bank’s plan to expand services to the hospitality sector.

Founded in 2013, Nobly has developed an ePOS system for the restaurant and hospitality industry enabling hospitality businesses to manage their operations with its back office app, order and inventory management systems, kitchen displays, loyalty, and online ordering (click & collect) app.

Nobly currently serves merchants across the UK, USA and Australia.

The system is currently being integrated with the FinTech’s payment hardware and online and offline payment processing capabilities.

This acquisition will enable Revolut Business hospitality customers to open a digital account, use FX, issue cards, and manage and sell their products and accept payments online and offline.

Revolut said that in future it intends to launch the solution across its international footprint.

“The Nobly team has built a great product and expertise which will further advance our mission to offer a one stop shop solution to enable merchants of every kind to manage their finances and run their businesses from a single platform,” said Nik Storonsky, chief executive of Revolut.“Nobly’s ePOS product will enhance our existing Revolut Business offering to make life easy for hospitality businesses. We look forward to working with the team to build more features to support our strong growth.”

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