Bindo to Unveil New Restaurant POS Solution with $2 Million Investment

Bindo, a cloud-based business management solution for brick-and-mortar merchants, announced Wednesday it has debuted a beta version of its new iPad POS system, Bindo POS for Restaurant. The company also announced it has secured $2 million in funding from strategic investors eager to see the POS solution expand into new verticals.

Bindo will use the investment to launch the new POS system globally, enabling restaurant owners to have one complete and holistic business solution that can integrate telephone orders, online ordering, table management, reservations, and ingredient-level tracking all in one platform. Bindo POS for Restaurant is now available in beta at a few select restaurants, and will become publicly available in mid-September.

Bindo POS for Restaurant provides a simple way for restaurants to easily manage their inventory and sales from a centralized back-office dashboard, while also allowing them to accept and schedule reservations from a centralized cloud-based platform. Restaurants are given the tools to better forecast inventory and supply needs by accurately recording the ingredients that go into each dish. Bindo POS for Restaurant will also maximize seating capacity and table turnover by enabling front of house to seamlessly schedule bookings through an integrated CRM and floor planning system.

"We wanted a mobile and elegant POS solution to complement our modern restaurant theme and came across Bindo," says Ivan Yeh, owner of Shoku Bar and Restaurant and first-time user of Bindo POS for Restaurant. "Since deployment, Bindo has helped us cut down on excess inventory and vastly improved the way we run our operations. Best of all, Bindo's integrated mobile credit card processing allows our servers to take orders and payments at the table, making way for that 'wow' factor and allowing for a better dining experience for our customers."

"We met with so many restaurateurs who were fed up with the choice of POS systems available (both iPad & traditional POS). The iPad POS systems in the market were not sophisticated or robust enough for their needs, and the traditional systems were expensive, inflexible, and difficult to use," says Brad Lauster, co-founder of Bindo. "Bindo POS for Restaurant fills that gap in the market with a solution that's powerful, customizable, and a pleasure to use."

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