The problem
A restaurant owner knows the lunch rush by gut, not data: tills disconnected from inventory, suppliers paid late, and banks that treat a cash-flow-positive kitchen as unlendable without property collateral.
How it works
Foodics puts its cloud POS at the counter — sales, tables, kitchen display, accounting — and routes payments through Foodics Pay. Capital 2.0, launched at Money20/20 in September 2026, reads that operating history with AI and approves working-capital (from ~SAR 20K) to expansion loans (SAR 2M+) inside the Foodics app, disbursed within hours.
Pain points
Blind inventory, payday-to-rent cash gaps, and a loan process built for factories, not falafel shops.
Business model
Per-outlet SaaS subscriptions plus a take on payments, now extended into interest spreads on its own restaurant loan book — targeting SAR 375 million deployed in year one.
Challenges
Restaurant lending stacks defaults exactly when the sector dips; each new country adds licensing and collections complexity; and Toast-style global players plus local fintechs want the same counter.
Funding
- Raised: $170M Series C (largest MENA SaaS round at close), led by Prosus and Sanabil Investments with Sequoia Capital India and existing investors (company press).
- Valuation: MISSING.
Latest — September 2026
On 14 September 2026 Foodics launched Capital 2.0 at Money20/20: AI-driven restaurant financing with online applications and disbursement within hours, aiming at SAR 375 million in first-year funding across working capital and supplier invoice factoring.