- Foodics processed $6B in GMV in H1 2025, a 27% increase YoY.
- ARR grew 29%, while international revenue surged by 56% thanks to its fintech stack.
- The company plans to invest over $100M in fintech, AI, and restaurant tech acquisitions this year.
Riyadh-based restaurant tech startup Foodics has reported strong growth across key metrics in the first half of 2025, fueled by increased adoption of its embedded financial services among F&B businesses across the region.
The company, which provides point-of-sale systems and fintech tools, now serves over 33,500 active restaurant branches, marking a 23% year-over-year increase. Total GMV (Gross Merchandise Volume) processed on the platform reached $6 billion, up 27% compared to H1 2024.
Foodics’ fintech stack continues to gain traction, with payment volume growing 38% as restaurants increasingly use its digital payments, lending, and financial management solutions. Annual Recurring Revenue (ARR) climbed 29%, while international revenue surged by 56%.
Co-founder and CEO Ahmad Al-Zaini described this performance as part of a larger structural shift in the F&B sector, where financial enablement is becoming central to restaurant success. In a LinkedIn post, he emphasized that Foodics is now deeply integrated into restaurants’ operational and financial infrastructure, helping them manage real-time cash flow, multi-channel sales, and access working capital.
This momentum follows a series of strategic moves in 2025, including plans to invest over $100 million in acquisitions across fintech, AI, and restaurant technology. One major step was the acquisition of UK-based Solo, a provider of self-order kiosks and white-label ordering tools.
Foodics is licensed by the Saudi Central Bank (SAMA) to provide payments and lending services to its restaurant clients. While the company did not disclose its exact revenue or profitability numbers, it signaled expectations for a very strong H2, driven by regional expansion and deeper fintech penetration.
Founded in 2014, Foodics has raised nearly $200 million to date from leading investors including Prosus, Sanabil Investments, STV, and Peak XV (formerly Sequoia Capital India).
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