Vinyl: A start-up company offering payment solutions

Absrtact: Vinyl is a start-up that offers payment solutions, and what they want to do is to help diners who dine at restaurants save the hassle of queuing up for a meal and chat, and then leave. How did vinyl do it? It provides

Vinyl is a start-up that offers payment solutions, and what they want to do is to help diners eat out of the tedious checkout process so they can concentrate on their meals and chat and walk away.

How did vinyl do it? It offers a lightweight solution that can be incorporated into the restaurant's own POS system. When the user to the shop, as long as the waiter said they will end up with vinyl pay, you can pay after the meal, a key on the mobile end of the payment, do not need to look at the bill does not need to wait. If there is a need for more than one, vinyl will automatically calculate the cost of split by head, we can pay the binding account.

Recently vinyl received a new 5.5 million dollar a round of financing from Spark Capital, OATV, Leter Ventures and Josh Spear, Dave Eisenberg, Ben Leventhal and several angel investors to vote. Vinyl had a 1.5 million-dollar angel financing last year, and the investment agency was OATV.

Vinyl has already cooperated with more than 100 restaurants in New York and the Bay Area, where they can be paid for by vinyl. It should be more advantageous than square,cover in the promotion of restaurants because it does not require a restaurant to build additional payment systems.