Revolut completes Nobly take-over as it eyes hospitality sector

UK FinTech firm Revolut is to acquire electronic point of sale (ePOS) software provider Nobly, to expand its solutions to serve the restaurant and hospitality sectors.

This acquisition, Revolut said, will enable Revolut Business hospitality customers to open a digital account, use FX, issue cards and seamlessly manage and sell their products and accept payments online and offline from the single Revolut Business environment. This will save time and reduce direct costs for its customers, Revolut said.

Founded in 2013, Nobly has developed a comprehensive ePOS system for the restaurant and hospitality industry enabling hospitality businesses to manage their operations with its back office app, order and inventory management systems, kitchen displays, loyalty, and online ordering (click & collect) app. Nobly currently serves merchants across the UK, USA and Australia.

Nobly’s product is currently being integrated with Revolut’s payment hardware and Revolut’s online and offline payment processing capabilities.

In the future, Revolut said it intends to launch its fully integrated solution across its international footprint and expand its product capabilities to serve its wider retail customers.

Nik Storonsky, CEO of Revolut said, “The Nobly team has built a great product and expertise which will further advance our mission to offer a one stop shop solution to enable merchants of every kind to manage their finances and run their businesses from a single platform.”

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