PouchNATION raises a Bridge Funding Round as Markets are preparing to reopen and launches Contactless Hospitality Tech
Summary
SINGAPORE, Sept. 23, 2021 /PRNewswire/ -- Asias leading Guest Management and Contactless Payment provider for venues and events, PouchNATION, has raised a Bridge Funding Round. Indeed, the pandemic has accelerated that trend and currently many hospitality providers are embracing contactless technology to guarantee higher hygiene standards for their guests," says Ricardo Santos, PouchNATIONs VP of Growth. "One of the main drivers for the adoption of Contactless Payments systems using NFC wearable devices is the overall increase in F&B spend that the Venue will experience right from the start," says Edmund Lowman, CEO of Collective Hospitality. Historical data shows that PouchNATIONs system increases spend on average by 30% which is extremely important in a post pandemic revival phase when Venues are still lacking the same room booking volumes as before. Indeed, PouchNATION is currently in discussions to close an additional round of funding to expand the SaaS system beyond Asian borders and pursue a truly global strategy.