FETCH

POS8 is a company that has developed an app, Fetch, that allows customers to order and pay from their phone. The company feels that 'Fetch' holds prominence against the backdrop of the Covid-19 pandemic. Using the app, customers can view a menu, order food & drink and pay securely, all in a matter of seconds with no need for contact, from the comfort of their smartphones. The app's 'Intelligent Ordering System' sends orders to a venue staff’s own devices according to who has the fewest orders waiting. The company believes that its pay-per-transaction model allows it to dominate the £98 billion restaurants industry. POS8 is also developing a LIDAR (Light Detection and Ranging) & beacon location technology to pin-point guests to an accuracy of 10 cm for faster serving times. The company will use 10% of the investment to complete its location technology, 20% in Point of Sale (POS) integrations, 20% in operations, and 50% in sales and marketing to build customer and user base.

FETCH Rating Review

Pitch rating powered by CROWDRATING™

Rated on 20/07/2020

Pitch Rated

72%

overall

Management

80%

Product

59%

Investment

77%

£7,511,368
pre-money valuation

1.96%
equity available

592
investors

£741
pledge per investor

11071470
company number

Active
company status

20/11/2017
incorporated 7 years

Previous Funding rounds

23 Apr 24	Seedrs	£2,011,196 / 201%	49.67%
22 Apr 24	Seedrs	£438,660 / 292%	72.00%

Officers

Jason Mark JEFFERYS
Appointed: 20-11-2017

Jason Mark JEFFERYS
Appointed: 21-02-2013

Jason Mark JEFFERYS
Appointed: 11-06-2012

Jason Mark JEFFERYS
Appointed: 08-02-2012

Jason Mark JEFFERYS
Appointed: 01-11-2006

Jason Mark JEFFERYS
Appointed: 20-03-2006

Jason Mark JEFFERYS
Appointed: 31-08-2001

Jason Mark JEFFERYS
Appointed: 01-05-1995

News

Valuations in Technology

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What the ratings mean

49% and under
We suggest potential investors carry out further study of their own 50-64%
Room for improvement 65-79%
Worth considering 80%+
Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 80%

Skills 82%

The management team of Fetch is led by a CEO who is an expert in all aspects of strategy within the business including acquisition of global partners, account management, international sales, digital marketing, solution selling and new software development. The CTO is experienced in software development for room/property management systems, point-of-sale and payment integrations. He has a strong technical background with a track record of success in overseeing the implementation of new technology platforms and business procedures. The VP of Sales and Marketing is skilled in negotiation, budgeting, hotel management, international business, business development and planning. The Chief Information Officer is well versed in go-to-market strategy, software development, cloud computing, software architecture and network engineering. The Operation Director is a specialist in investor relation management, corporate governance, event management, HR management, digital marketing, online advertising, and company secretarial skills. The Creative Director has deep domain experience in brand activation, art direction, digital campaign development, interaction design, sponsorship strategy and creative entrepreneurship. It was noted that they had not appointed a dedicated finance head.

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