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08/30/2021

Waitr Acquires Payment Processing Companies

These acquisitions are part of Waitr's growth strategy to offer a full suite of payment processing services to base of restaurants.
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Waitr Holdings Inc. has completed the asset acquisitions of payment processing companies ProMerchantFlow Payments and Cape Cod Merchant Services, three players in the merchant processing solutions space.

These acquisitions are part of Waitr's growth strategy to offer a full suite of payment processing services to base of restaurants. The goal is to be able to offer a suite of payment services to its ecosystem partners, including loyalty programs, gift cards, payment processing, and merchant lending.  

Founded in 2013 and based in Lafayette, Louisiana, Waitr operates an online ordering technology platform, providing delivery, carryout and dine-in options. Waitr, along with Bite Squad and Delivery Dudes, connect local restaurants and grocery stores to diners in underserved U.S. markets. Together, they are a convenient way to discover, order and receive great food and other products from local restaurants, national chains and grocery stores. As of June 30, 2021, Waitr, Bite Squad and Delivery Dudes operate in small- and medium-sized markets in the United States in over 900 cities.