Orderbird AG

Orderbird AG provides specialized point-of-sale (POS) solutions for the hospitality industry, enhancing operational efficiency for restaurants, bars, and cafés through integrated technology. Founded in 2011, Orderbird AG operates from Berlin, Germany, offering innovative POS systems tailored for the hospitality sector. The company was acquired by Nexi Payments SpA in May 2022 for approximately EUR 130 million in cash, after having raised a total of EUR 20. 00 mn in funding across 6 deals.

The CEO is David Feichter, and the company was founded by Bastian Schmidtke. Orderbird specializes in offering comprehensive POS solutions that enable restaurants, bars, and cafés to streamline operations and improve customer experiences. Their services include a fully integrated POS system that features payment processing, inventory management, and customer relationship management tools. These solutions directly address operational challenges, enhancing transaction efficiency and order accuracy for a diverse clientele across Germany, Austria, and Switzerland.

In 2017, Orderbird reported revenue of EUR 9,973,478. 50, with an EBITDA of EUR 1,750,650 recorded in 2021. Revenue is generated through a subscription model that includes software licensing fees and transaction charges associated with their POS services. Following the acquisition by Nexi Payments SpA, Orderbird AG plans to enhance its position in cloud-based POS systems and accelerate its international expansion.

The recent funding will be utilized to support the development of new products and services aimed at strengthening their payment strategy and expanding into additional European markets by 2023.