About Favrit
Favrit is a company based in Oslo (Norway) founded in 2019. It operates as a SaaS (Software-as-a-Service), and Subscription Services. The company has 55 employees as of December 31, 2022. Favrit offers products and services including Favrit POS System, Mobile Ordering, and Digital Menu.
- Headquarter Oslo, Norway
- Employees 55 as on 31 Dec, 2022
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Favrit As
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Annual Revenue
$1.35 M (USD)111as on Dec 31, 2021
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Net Profit
$-4.78 M (USD)-389as on Dec 31, 2021
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EBITDA
$-4.78 M (USD)-313as on Dec 31, 2021
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Latest Funding Round
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Investors
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Employee Count
55
as on Dec 31, 2022
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Products & Services of Favrit
Favrit offers a comprehensive portfolio of products and services, including Favrit POS System, Mobile Ordering, and Digital Menu. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A fast system designed for efficient hospitality operations.
Enables guests to order conveniently via mobile devices.
Provides seamless online menus integrated with POS systems.
Funding Insights of Favrit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Favrit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Favrit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Favrit Comparisons
Competitors of Favrit
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Favrit
When was Favrit founded?
Favrit was founded in 2019.
Where is Favrit located?
Favrit is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Favrit?
Edwin Fjeldtvedt is the current CEO of Favrit.
How many employees does Favrit have?
As of Dec 31, 2022, the latest employee count at Favrit is 55.
What is the annual revenue of Favrit?
Annual revenue of Favrit is $1.35M as on Dec 31, 2021.
What does Favrit do?
Favrit is established as a developer of advanced point-of-sale systems tailored for the hospitality sector, including restaurants, bars, nightclubs, and festivals. Solutions are designed to enhance operational efficiency through faster transactions, mobile ordering, and seamless integrations with payment and accounting systems. The company is focused on delivering user-friendly technology to improve guest experiences and increase profitability for over 900 venues in Norway. Digital menus and real-time data access are also provided to support business management across various hospitality environments.
What products or services does Favrit offer?
Favrit offers Favrit POS System, Mobile Ordering, and Digital Menu.