Foodics acquires UK-Based solo venture to expand self-ordering technology

MENA – Foodics, a leading restaurant and payments technology provider in MENA, has acquired UK-based Solo Venture, a specialist in self-ordering kiosks and digital ordering solutions.

Solo enables restaurants to diversify sales channels and enhance customer experiences through advanced self-service solutions.

Utilizing AI and analytics, Solo’s technology simplifies the ordering process while supporting revenue growth. Its integration into the Foodics ecosystem will offer restaurants a seamless, all-in-one solution for managing operations, including dine-in and online ordering, payments, and analytics.

Ahmad Al-Zaini, CEO and Co-Founder of Foodics, stated that the acquisition represents a key milestone in the company’s mission to develop the most comprehensive restaurant management platform in MENA and beyond.

He further revealed that Foodics is allocating US$100 million over the next three years toward strategic acquisitions and investments in Fintech, AI, and other transformative technologies to strengthen its ecosystem and drive technological advancements in the F&B sector.

As part of this initiative, Foodics has also announced investments in three pioneering startups.

The first is Norma, a Greece-based company specializing in AI-powered data analytics designed for simplicity, enables business professionals to function as data scientists, providing instant insights without requiring technical expertise, supporting business owners in making informed, data-driven decisions to foster growth.

Add, an accounting system designed for small and medium-sized businesses, allows Foodics customers to efficiently capture financial data, generate reports, and manage payroll for restaurant employees.

Arzaq Plus, a supply chain platform transforming the F&B industry through AI, data analytics, and smart logistics, enhances sourcing efficiency, minimizes waste, and optimizes restaurant and café operations.

Foodics also plans to leverage this investment to introduce a “Buy Now, Pay Later” feature for restaurant bills, enabling better cash flow management and revenue generation.

Anas Alghanim, Director of Corporate Development at Foodics, emphasized that each investment is strategically focused on creating value-driven solutions that drive growth and success while empowering partners and customers to shape the industry’s future.

This announcement coincides with Foodics Group’s 10th anniversary, marking a decade of innovation in MENA’s restaurant technology sector.

Over the past ten years, Foodics has supported more than 30,000 F&B businesses across 30 countries by providing tailored technology solutions that optimize operations, enhance customer experiences, and improve profitability.

Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.