By VC News Daily

TAMPA, FL, Mad Mobile, a pioneering force in restaurant and retail SaaS and payment solutions, is pleased to announce the closure of a $50 million financing agreement.

This funding, managed by Morgan Stanley Expansion Capital and Bridge Bank, will be strategically utilized to amplify the expansion of its SaaS and payment technologies, refinance existing debts, and propel sales growth.

Mad Mobile is building the next generation of digital and mobile experiences for more than 21,000 major restaurant and retail locations globally. Mad Mobile owns and operates the CAKE point-of-sale solution which was acquired from Sysco Corporation in 2020. The unique platform creates modern point-of-sale transactions that reimagine how businesses connect with their customers. Top customers include Ralph Lauren, Tractor Supply, Texas Roadhouse, Ike’s Love & Sandwiches, Talbots, Miller’s Ale House, Estee Lauder, Signet Jewelers, Ann Taylor, Brooks Brothers, Urban Outfitters, Snipes, West Marine and Toastique.

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Source: VC News Daily