Tossed head honchos back cashless payments firm
Founder of Tossed, Vincent McKevitt, along with the company’s Financial Director Neil Sebba, has injected an undisclosed amount of cash into PayTech venture, Thyngs, as part of a £300,000 crowdfunding round launched in early January.
The pair, who crowdfunded almost £1.3 million in 2015 to build the Tossed brand and presence across London and beyond, became interested in the company as a possible solution to the glut of payment apps out there. Supporting the likes of Android Pay, Apple Pay and PayPal, the Thyngs platform works via QR and NFC tags. McKevitt says: “Tossed was the first hospitality business in Europe to go completely cashless, swapping tills for self-service kiosks to support our proposition, simplify operations and increase service. Thyngs’ mission to make it easy for brands to offer frictionless mobile payments and promotions fits well with our philosophy, and their focus on proximity gives them a significant edge over all the app-based alternatives competing for the same consumer.”
Neil Garner, Founder and CEO, Thyngs, comments: “Our platform works for small and large businesses alike, giving them the ability to offer cheaper and easier to implement cashless payment options, without requiring customer to download an app. This provides a more streamlined and faff-free payment experience, using the technology already built in to smartphones. Tossed has a great reputation for being ahead of the curve and this investment is a great validation of our offering.”