NOQ Group lands £3.4 million in funding to further develop its events centric payments and data platform

NOQ Group, a software provider in the events sector, reports the closure of a £3.4 million funding round, bringing the company’s total funding to £5.1 million.

NOQ Group says that it is redefining how festivals and events manage multiple vendors, payments, and data.

Its platform integrates into the event ecosystem, offering features like real-time data intelligence, vouchers, loyalty programmes, multi-network payment coverage, and offline transaction capabilities.

From mobile ordering via progressive web apps to kitchen display systems (KDS) and split revenue functionalities, NOQ’s suite aims to address the complex needs of modern event organisers.

“Securing this funding is a significant milestone in our journey to create the most efficient and seamless PoS and payment solution for multi-vendor events," says Param Kanabar, CEO at NOQ Group.

"We’re committed to equipping event organisers with powerful tools that streamline operations and maximise revenue.”

The £3.4 million capital injection will enable NOQ to further develop its single-currency platform and enhance its product suite. Plans include expanding into new global markets and strengthening the company’s operational infrastructure. 

NOQ’s solutions have found favour among such festivals and event businesses as Green Man Festival, National Merchandise, Black Deer Festival (JOY Concerts), On The Beach Brighton (JOY Concerts), Secret Garden Party, Foodies Festival, Peppermint Bars, Streamline Leisure, CarFest (Event Merchandising), Mint Festival, SoulTown, Brighton Pride, and Street Food Circus.

The sporting sector is also onboard, with the Scottish Open (&Munch), The Open Championship (Peppermint Bars), The RBC Heritage (SERG Restaurant), and LIV Golf (Performance 54) leveraging the technology.

“We’re at a pivotal point in our journey,” says Kanabar. “This funding not only validates our progress but also sets the stage for even greater innovation and expansion. We’re excited to build on this momentum as we continue to redefine the event management space.”

2024 RTIH INNOVATION AWARDS

Payments is a key focus area for the sixth edition of the RTIH Innovation Awards, which is now open for entries.

The awards, sponsored by CADS, 3D Cloud, Retail Technology Show 2025, and Business France, celebrate global tech innovation in a fast moving omnichannel world.

It’s free to enter and you can do so across multiple categories.

Key 2024 dates

Friday, 25th October: Award entry deadline 

Tuesday, 29th October: 2024 shortlist revealed

30th October-6th November: Judging days

Thursday, 21st November: Winners announced at the 2024 RTIH Innovation Awards ceremony, to be held at RIBA’s 66 Portland Place HQ in Central London.