FTV Capital provided the Restaurant Group-backed payment platform developer with fresh capital that will be used to boost its expansion across new industries.
Growth equity firm FTV Capital supplied $160m in series B funding yesterday for Plate IQ, a US-based digital payment technology provider backed by restaurant chain owner The Restaurant Group.
Founded in 2014, Plate IQ provides a software platform that helps businesses across the hospitality industry automate accounts payables and simplify invoice management and payments for both recurring and one-time expenses.
The company processes more than 50,000 invoices daily and has processed over $2bn in direct vendor payments in total, serving…
