Mad Mobile, a restaurant and retail SaaS and payment solutions company, announced the closure of a $50 million financing agreement. This funding (managed by Morgan Stanley Expansion Capital and Bridge Bank) will be strategically utilized to amplify the expansion of its SaaS and payment technologies, refinance existing debts, and drive sales growth.
In the past two years, Mad Mobile has made substantial technological investments that have strategically positioned the company for growth. These advancements have enriched the product offerings for restaurants and retailers, significantly enhancing customer experiences and operational efficiencies.
Mad Mobile saw significant growth, driven by the increasing need for mobile and flexible retail and restaurant solutions. Offering a complete suite of modern point-of-sale services including mobile POS, mobile ordering, self-checkout, clienteling, mobile fulfillment, and contactless payment.
Mad Mobile processes about $3 billion in payments every year. The company is a trusted partner for leading names in mobility and enterprise software, such as Apple, Elo, Amazon, and Salesforce.
KEY QUOTES:
“We are excited to begin our collaboration with Morgan Stanley Expansion Capital and Bridge Bank as we further broaden our reach into more restaurant and retail markets.”
- Bruce Bennett, CEO of Mad Mobile
“We are thrilled to support Mad Mobile’s team as they embark on their next phase of expansion and growth.”
- Pete Chung, Managing Director at Morgan Stanley Expansion Capital
“We’re excited to support Mad Mobile’s expansion and their commitment to providing innovative and cutting-edge solutions to the restaurant and retail industry.”
- Blake Reid, senior director, in Bridge Bank’s Technology Banking Group.
