Viableware, a Kirkland, WA-based provider of payment platform for full-service restaurants, closed $6.5m in Series B funding.
The round was led by unnamed angel investors, with participation from Swiftsure Capital LLC (Seattle).
The company intends to use the funds to ramp up sales and engineering resources to bring the RAIL to market on a national scale.
Led by Joe Snell, CEO, Viableware provides the RAIL payment platform works as a patented handheld device that replaces the standard leather folder that is used to present the bill at most restaurants and automatically splits the bill, calculates the tip, and emails a receipt. It also allows the guest to self-swipe their own card and retain possession of it throughout the entire transaction, mitigating any chance of card information theft.
The RAIL system has been integrated with POS systems – including MICROS, NCR Aloha, and Dinerware – to securely accept payments.