Payrest secured $390k in a crowdfunding campaign on Dealfow.
Payrest, a Larkollen, Norway-based company providing a software solution for the hospitality industry, closed a NOK 3.425M ($390k) capital investment round.
The funding was provided by a number of Norwegian investors via an equity crowdfunding campaign on Dealflow.no.
Payrest, founded in 2015 and led by Yngvar Andreassen, built a mobile application aimed to help restaurants and other hospitality units to manage the reservation, ordering and payment process with their customers. According to the company, the app was implemented by about 60 customers and expects to get to 90 by the end of 2019.