About CAKE Technologies
CAKE Technologies is a Financial Services company based in London (United Kingdom) founded in 2015, and was acquired by American Express in October 2017. Mobile payment app for restaurants and bars. CAKE Technologies has raised $6.37 million across 2 funding rounds from investors including American Express, Peak Ventures and Pelion Venture Partners. The company has 21 employees. Its focus areas include FinTech, Payments, Consumer Payments and Vertical Payments. Its legal entity is CAKE TECHNOLOGIES LTD. Its competitors include Yoello, OrderPay and Droplet HQ; 1 of its 3 listed competitors has raised funding.
Company details
CAKE Technologies was founded in 2015 and is headquartered in London, United Kingdom. Operations focus on the fintech sector, where a mobile payment app is offered to connect with existing electronic point-of-sale systems in restaurants, bars, members clubs, and hotels. Bills are viewed live, tabs are opened, and payments are settled or split directly from smartphones by users.
- Headquarters London, United Kingdom
- Employees 21
- Stage Acquired
- SectorsFinancial Services
- Website thecakeapp.com
- Social LinkedIn X Facebook
- Acquired by American Express (Oct 2017)
- Legal Name Cake Technologies Ltd
- Annual Revenue$3.04 K (USD)102as on Dec 31, 2017
- Net Profit-$6.58 M (USD)-108as on Dec 31, 2017
- Total Equity Funding$6.37M (USD)
in 2 rounds
- Latest Funding Round$5M (USD), Series A
Jan 2018
- InvestorsAmerican Express
& 3 more
- Employee Count21
- Acquired byAmerican Express
(Oct 2017)
Funding Insights of CAKE Technologies
CAKE Technologies has successfully raised a total of $6.37M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in January 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.37M
- Total Rounds 2
- Last Round Series A — $5M
- First Round $1.37M
(Jul 2015)
- Investors Count 3
All 2 funding rounds of CAKE Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2018 | $5M | Series A | – | Peak Ventures | |
| Jul 2015 | $1.37M | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in CAKE Technologies
CAKE Technologies has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include American Express, Peak Ventures and Pelion Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| peakventures.co.uk | ||||
US focused early-stage VC firm | pelionvp.com | Salt Lake City, United States | ||
Venture capital funding is provided to early-stage startups. | kickstartseedfund.com | |||
Financial products for individuals and businesses are compared online. | 1850 | americanexpress.com | New York, United States |
Investor details for CAKE Technologies
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Timeline of CAKE Technologies
4 dated milestones of CAKE Technologies across 3 years, from founding to its latest funding, stage changes and deals.
- Founded CAKE Technologies is founded.
- Funding First funding round of $1.4M.
- Exit Acquired by American Express.
- Funding Latest funding round, Series A, of $5.0M.
Competitors of CAKE Technologies
CAKE Technologies has 3 listed competitors in our database, 1 of them funded. They include Yoello, OrderPay and Droplet HQ.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yoello.com | 2015 | Cardiff, United Kingdom | 23 | Mobile ordering and payments platform is operated for hospitality sector. | ||
| getbutlr.com | 2019 | Manchester, United Kingdom | 5 | Mobile self-ordering and payment app for restaurants is provided. | ||
| dropletpay.com | 2011 | Birmingham, United Kingdom | $3.71M | Develops mobile money applications for secure financial transactions. |
Detailed competitors of CAKE Technologies
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Related news about Cake Technologies
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Frequently Asked Questions about CAKE Technologies
CAKE Technologies was founded in 2015.
CAKE Technologies is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
CAKE Technologies is a funded company, having raised a total of $6.37M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.37M, raised on Jul 2015.
CAKE Technologies has 21 employees.
Annual revenue of CAKE Technologies is $3.04K as on Dec 31, 2017.
CAKE Technologies was founded in 2015 and is headquartered in London, United Kingdom. Operations focus on the fintech sector, where a mobile payment app is offered to connect with existing electronic point-of-sale systems in restaurants, bars, members clubs, and hotels. Bills are viewed live, tabs are opened, and payments are settled or split directly from smartphones by users.
CAKE Technologies's top competitors include Yoello, OrderPay and Droplet HQ.
CAKE Technologies has 4 investors. Key investors include American Express, Peak Ventures, Pelion Venture Partners, and Kickstart Fund.
CAKE Technologies operates through Cake Technologies Ltd.
Yes. CAKE Technologies was acquired by American Express in October 2017.