POSRocket

Based in Jordan, POSRocket provides advanced point-of-sale systems tailored for the hospitality industry, enhancing transaction processing, inventory management, and sales tracking for businesses. Founded in 2016 and headquartered in Amman, Jordan, POSRocket specializes in POS systems for the hospitality sector. CEO Zeid Husban has a background in tech entrepreneurship. In January 2022, Foodics acquired POSRocket, consolidating its position in the market after raising USD 5.

00 mn from various investors including Algebra Ventures and Bank al Etihad. POSRocket's core offerings include sophisticated point-of-sale systems designed for restaurants, cafes, and retail establishments. Their flagship product integrates both hardware and software to facilitate transaction processing, inventory control, and real-time sales analytics. Additional services encompass mobile ordering, table management, and reporting tools aimed at optimizing sales and enhancing customer engagement across Southeast Asia.

POSRocket generates revenue through a subscription model, where clients pay monthly fees for access to its software and ongoing support. This model is complemented by partnerships with hardware providers, allowing for bundled solutions that incorporate both software and necessary equipment. Tiered pricing plans are available based on the number of terminals and features utilized, creating a stable revenue stream reliant on ongoing service contracts. Following the acquisition by Foodics in January 2022, POSRocket aims to expand its offerings and market presence.

The rationale behind the acquisition focuses on consolidating market leadership in Egypt, Kuwait, Oman, and Jordan while enhancing its existing capabilities in the GCC region. Plans for future product development are in place, and the recent funding will facilitate further M&A activities and international growth.