Riyadh-headquartered restaurant management platform Foodics has reported strong growth across key metrics in the first half of 2025, driven by accelerating adoption of its embedded financial services among F&B operators across the region.
The startup, which provides point-of-sale systems and FinTech tools to restaurants, now serves over 33,500 active restaurant branches, marking a 23% year-over-year increase. Gross merchandise volume (GMV) processed through its platform reached $6 billion during the period, up 27% from H1 2024.
The company’s fintech stack showed particularly strong momentum, with payment volume growing 38% as restaurants increasingly adopted its digital payments, lending, and other financial services. Annual recurring revenue (ARR) climbed 29%, while international revenue surged 56%.
“We are now deeply embedded in the operational and financial infrastructure of restaurants across the region,” co-founder and CEO Ahmad Al-Zaini said in a LinkedIn post, highlighting how the platform helps merchants track real-time cash flow, manage omni-channel sales, and access working capital.
He described the performance as reflecting a broader “structural shift” in the F&B sector, where financial enablement is becoming central to restaurant operations and long-term success. “Our fintech stack continues to scale as a key growth engine for our merchants and for the business,” he noted.
The results follow a series of strategic moves by Foodics this year. The company announced plans to invest over $100 million in acquisitions across fintech, AI, and restaurant technology sectors. It also acquired Solo, a UK-based provider of self-order kiosks and white-label ordering solutions, as part of its expansion strategy.
Foodics operates under licenses from the Saudi Central Bank (SAMA) to offer payments and lending services to its restaurant clients. While the company did not disclose exact revenue figures or profitability metrics for the half-year period, it indicated expectations for a “very strong H2” as it continues regional expansion and scales its financial services offering.
Founded in 2014, Foodics has raised nearly $200 million to date from investors including Prosus, Sanabil Investments, STV, and Peak XV (formerly) Sequoia Capital India.
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