Pronto POS

Idea

Introduction

Pronto POS is a point-of-sale (POS) solution that aims to revolutionize the dining and retail industry by seamlessly integrating offline and online operations. Our platform empowers businesses to navigate the complex world of multiple delivery platforms with ease, eliminating the need for third-party services like Deliverect or Otter.

Merchants can easily subscribe to our tailored Pronto POS, upload and configure menus, and connect with major delivery partners like Deliveroo, Uber, and Just Eat without any hassle.

*(in Google Cloud Credits and valid for two years).

Pronto POS is a platform that addresses the unique challenges faced by the hospitality industry, with the global POS software market set to reach $18.1 billion by 2027. Our transformative solution simplifies operations, enhances customer experiences, and helps to drive growth.

One of our standout features is the centralised dashboard, where all orders converge across channels. This allows clients to set distinct pricing for each channel, avoiding extra costs and gaining access to powerful analytics.

Substantial accomplishments to date

1) In 2022, we launched our beta version and onboarded over 10 locations across the UK. Since then, our partners have processed over £1.2 million in transactions, highlighting the potential for widespread adoption within the industry.

2) We are happy to announce that we became part of the Google AI Startup Accelerator program. This program provides us with $250,000 worth of support in Google Cloud Credits, valid for two years, and recognition for our innovative technology.

3) We have rolled our direct API integrations with major UK delivery platforms like Uber & Deliveroo, enhancing our capabilities and market reach. We are also actively working on integrating with leading accounting services like QuickBooks, Xero, and Sage (coming soon), which will further simplify business operations for our clients.

4) We have grown our team to five members, all working tirelessly to drive our vision forward. We have also established a strong partnership with a reliable hardware supplier, ensuring that we can meet the demands of our expanding customer base with bulk orders.

5) Last but not least, we believe we have developed a scalable pricing model and cutting-edge technology, which we feel puts us in a good position to expand across the UK and Europe.

These accomplishments underscore our commitment to revolutionising the POS industry and our readiness to scale Pronto POS to new heights.

Monetisation strategy

Pronto POS employs a multi-faceted revenue model:

1) Subscription Fees: Businesses pay £79/month per initial location for full access to our POS system. Expansion is cost-effective at £59/month per additional site.

2) Hardware Sales: We offer dedicated hardware sets for £110 each, enhancing the POS experience.

3) Advanced Analytics (Upcoming): Soon, premium analytics like Product Shelf Live and Product Health reporting will be available for an extra fee, enabling data-driven decisions.

4) FMCG Data Studios - in the roadmap. Also, feel free to let us know your ideas on how to drive more sales!

We believe that diversified revenue streams will help to ensure that we remain financially robust while delivering cutting-edge solutions to businesses.

Use of proceeds

Product Development (40%): Expand our development team, both back-end and front-end, to enhance our product, introduce new features, and diversify revenue streams.

Management/ Sales (15%): Hire additional account managers to maintain and onboard more clients, ensuring top-notch customer service, while striving to accelerate business growth.

Marketing (25%): Invest in marketing initiatives, including out-of-home (OOH) advertising, influencer partnerships, referrals, and paid ads, to promote our solution and drive customer acquisition.

Overheads (10%): Cover essential operational expenses.

Hardware Purchase (10%): Acquire more Android devices to support our growing partner network; this cost will be recouped as we expand.

We believe that these investments will greatly help to fuel our expansion to reach our mission - to be a leading POS solution provider.