Notch: Raises $10M in Funding

Notch Raises $10M in Funding

  • Notch, a Toronto, Canada-based provider of a software platform that makes it simple to manage orders, reconcile bills and invoices and process payments, raised $10M in funding
  • The round was led by Portage, with participation from Golden Ventures, Math Ventures, Accomplice, Pre-Cursor Ventures, Garage Capital and Plexo Capital
  • As part of the financing, Ricky Lai, Partner at Portage, will be joining the Board of Directors at Notch
  • The company intends to use the funds to ramp up the sales and marketing teams, and accelerate geographic expansion
  • The company provides a platform that delivers an end-to-end solution for back of house operations, giving foodservice owners and their staff the tools needed to automate manual tasks required to run and grow their business
  • In Q1 of 2023, The company will be releasing its AP manager solution to help restaurants move all of their supply chain payments online
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Nubank Secures Conditional Approval for U.S. National Bank License

Brazilian fintech aims to expand services in the American market.Highlights: Nubank receives conditional approval for U.S. banking license.The...

Nationwide Strengthens Lead in UK Current Account Switching Table

Nationwide sees continued success in attracting new customers through account switching.Highlights: Nationwide tops the UK current account switching...

Banks Reduce Reliance on OpenAI Amid Regulatory Concerns

Financial institutions shift focus as AI scrutiny increases.Highlights: Banks are decreasing dependency on OpenAI as regulations tighten.Regulatory scrutiny...

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...