About Flyt
Flyt is a company based in London (United Kingdom) founded in 2013 by Tom Weaver and Chris Evans was acquired by Just Eat in January 2019.. Flyt has raised $12.36 million across 2 funding rounds from investors including Time Out, Entree Capital and Just Eat. The company has 44 employees as of December 31, 2021. Flyt offers products and services including Flyt Integration Platform and API Documentation Service. Flyt operates in a competitive market with competitors including SpotOn, Tillster, Olo, Revel Systems and Zenput, among others.
- Headquarter London, United Kingdom
- Employees 44 as on 31 Dec, 2021
- Founders Tom Weaver, Chris Evans
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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 Flypay Limited
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Products & Services of Flyt
Flyt offers a comprehensive portfolio of products and services, including Flyt Integration Platform and API Documentation Service. 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.
Connects restaurant systems with food ordering services for seamless operations.
Provides tools for integrating POS systems with food platforms.
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Sales and Marketing
113 people
Software Development Team
100 people
Product Management Team
89 people
Senior Team
56 people
Human Resources and Administration
37 people
Global Team
34 people
Leadership Team
24 people
Head Team
19 people
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Funding Insights of Flyt
Flyt has successfully raised a total of $12.36M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10.7 million completed in July 2015. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $10.7M
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First Round
First Round
(11 Mar 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2015 | Amount | Series A - Flyt | Valuation | Time Out |
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| Mar, 2014 | Amount | Seed - Flyt | Valuation | Entree Capital |
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| 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 |
Investors in Flyt
Flyt has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Time Out, Entree Capital and Just Eat. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward pre-seed to Series C technology companies.
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Founded Year | Domain | Location | |
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Online listing platform for events
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Founded Year | Domain | Location | |
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Online platform to order food from partnered restaruants
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Flyt
| 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 - Flyt
| 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 |
Flyt Comparisons
Competitors of Flyt
Flyt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SpotOn, Tillster, Olo, Revel Systems and Zenput, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
SaaS solutions for restaurant online ordering and analytics are offered.
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| domain | founded_year | HQ Location |
Olo is recognized as a restaurant technology platform provider.
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale solutions are offered for restaurants and bars.
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| domain | founded_year | HQ Location |
Zenput is utilized as an operations execution platform for multi-unit operators.
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| domain | founded_year | HQ Location |
Restaurant operations are managed via a cloud-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Flyt
Frequently Asked Questions about Flyt
When was Flyt founded?
Flyt was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Flyt located?
Flyt is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Flyt?
Tom Weaver is the current CEO of Flyt. They have also founded this company.
Is Flyt a funded company?
Flyt is a funded company, having raised a total of $12.36M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.66M, raised on Mar 11, 2014.
How many employees does Flyt have?
As of Dec 31, 2021, the latest employee count at Flyt is 44.
What does Flyt do?
FlyPay is a UK based provider of ordering and payment systems for restaurants. It allows the users to place their order on their smartphones by mentioning their table numbers at partnered restaurants. Also users can check the bill on their smartphones and split the bill either by persons or by items and pay within the app. The app is available in over 100 restaurants and bars across the U.K., including Wahaca, Cabana, Gourmet Burger Kitchen, Jamies Italian, Burrito Mama and Drake Morgan. The app is available on Android and iOS platforms.
Who are the top competitors of Flyt?
Flyt's top competitors include Toast, UrbanPiper and SpotOn.
What products or services does Flyt offer?
Flyt offers Flyt Integration Platform and API Documentation Service.
Who are Flyt's investors?
Flyt has 3 investors. Key investors include Time Out, Entree Capital, and Just Eat.
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