PRESS RELEASE: Foodics Partners with KASO to Fully Digitalize Restaurants’ Inventory Management and Boost Operational Efficiency

23 January 2023, Riyadh,Saudi Arabia: FOODICS, the leading cloud-based restaurant management technology and payments platform in the MENA region, has announced it has entered into a strategic partnership with KASO, the leading B2B platform digitizing procurement between restaurants and food suppliers in the MiddleEast.

This partnership allows for a seamless integration between Foodics’ inventory management system and KASO’s procurement platform will enable all restaurants using Foodics to benefit from real-time inventory updates and instant LPO and data syncing.

Ahmad Al-Zaini, CEO Foodics commented, “As leaders in our fields, Foodics and KASO have a shared mission of leveraging technology to streamline operational efficiency within the F&B industry. Through this latest partnership, Foodics customers in Saudi Arabia and the UAE will be able to take advantage of this integration completely free of charge, with a proven reduction of 65% of time spent manually placing orders, also preventing excessive buying behavior, resulting in an 8% reduction in overall food waste.”

Foodics is a pioneer in restaurant management solutions for regional F&Bs, making it one of the most promising SaaS companies to emerge from the MENA region. FOODICS caters to every segment of the F&B sector from traditional dine-in restaurants, cafés, quick service restaurants, bakeries, food trucks through to cloud kitchens and non-food micro-retailers.

Through these new fully automated inventory updates, restaurants will be able to significantly boost inventory accuracy and eliminate the need for manual entries.

“Our strategic partnership with Foodics aligns perfectly with our mission to digitalize the F&B industry as we know it. Foodics is a pioneer in the digitalization of inventory management and we believe KASO’s expertise will further enrich this solution for restaurants in the region”, said Manar Alkassar, KASO Co-Founder.

Since its inception in June 2021, KASO has seen exceptional growth and partnered with over 5000F&B partners across KSA and UAE. The tech company offers an end-to-end food supply procurement solution, creating operational efficiency and sustainability for restaurants. KASO is backed by various prestigious, globally-renowned investors including Y Combinator, GFC, and MSA Capital.

- END –

About FOODICS

FOODICS is the leading Restaurant and Payment Tech company in MENA, with an innovative 360°SaaS ecosystem making it a pioneer in the regional F&B industry.  Formally licensed as a Fintech company by theSaudi Central Bank (SAMA), the company’s vision is to build a complete restaurant management ecosystem that enables owners to run their operations seamlessly and grow their business. Its mission is to empower restaurant and merchant owners with a comprehensive cloud-based POS system to enrich their operations.FOODICS caters to every segment of the F&B sector from traditional dine-in restaurants, cafés, quick service restaurants, bakeries, food trucks through to cloud kitchens and non-food micro-retailers. Since its inception in 2014, it has successfully processed over 6 billion orders through the platform and raised a record USD170 mil in Series C round, making it one of the most promising SaaS companies to emerge from the MENA region.

For more information, please visit www.foodics.com

About KASO

Currently operating in UAE and KSA, Dubai-based KASO is the Middle East’s first platform connecting restaurants with suppliers and is currently serving over 5000 partners in UAE and KSA alone. The company was founded by tech entrepreneurs Manar Alkassar and Ahmed Soliman, with the vision to disrupt the food supply chain. By digitizing the relationship between restaurants and suppliers, they not only intend to drastically improve efficiency and transparency in the food supply chain but also significantly reduce food waste in the region. KASO is funded by various prestigious investors including Y Combinator, GFC, and MSA Capital.

For more information, please visit www.kaso.ai

Media Contacts

Flo Janin, Head of PR & Brand Communications, Foodics - f.janin@foodics.com

Janine Pinto, Marketing & Communications, KASO - janine.pinto@kaso.ai