FinTech start-up Leslie secures Zip backing in seed financing round

UK FinTech firm Leslie has secured an undisclosed amount of seed funding in a recent financing round.

The company secured the funding from a range of investors including KKR co-founder Henry Kravis, Zip founder Larry Diamond and Middleby Corporation.

According to Leslie, the startup has been able to revolutionise the hospitality industry within just six weeks. The company has supposedly achieved this by offering customers a simplified and more efficient way to order, tip and pay.

Leslie’s technology – accessible to the end-user through a QR code – enables any food or beverage service provider to set up their menus in a matter of minutes. This allows customers to pay via their smartphone instantly for the product of their choice.

Leslie stated it intends to use the new influx of capital to continue its UK growth and fuel rapid expansion globally.

Leslie co-founder Joey Barnett said, “One of the industries that hasn’t undergone any drastic transformation is hospitality and there are so many missed opportunities that tech is poised to capitalise on. Not just here in the UK where we’ve already secured 100s of venues since launch, but the US and wider markets as well. The combination of our tech, our growing team and now this strategic investment, ensures that we can take on the global hospitality market.”

Middleby Corporation European President Chris Jones added, “The hospitality industry is suffering with staff shortages due to people venturing into new careers as a symptom of Covid. People lost their jobs in the pandemic and have been pushed in new directions. With our exclusive partnership between Leslie and Middleby we are at the forefront of innovation and will offer our client base a solution like no-other to aid and enhance the customer experience and increase revenues.”

Elsewhere in the QR code space this year, Revolut previously introduced a QR code payments solution for small businesses in February.

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