The Spanish ‘startup’ Yumminn has raised 1.4 million euros in a seed financing round led by Oryon Universal and Antai Venture Builder to expand its payment service through QR in restaurants.

Seven Roots, several ‘business’ angels and other investment funds with smaller contributions have also participated in the round, according to the firm’s statement.

The ‘startup’ has already implemented its system in more than 350 establishments and the amount collected is 140% more than initially pursued.

Among the benefits of the system, the ‘startup’ has highlighted that it allows receiving more positive reviews, saving time in paying diners and improving the average ticket by 12%.

Likewise, the company also has a ‘cashback’ system that allows customers to accumulate credit with the restaurant for future meals as a form of loyalty. Likewise, the ‘startup’ has just implemented a system to also order through the QR and be able to pay instantly.

“This investment will help us to accelerate growth at a national level and thus consolidate our leadership position, add new features that are in high demand by restaurants and internationalize the company by opening new countries”, said the founder and CEO of Yumminn, Christian Campillo.

For his part, the CEO of Oryon Universal, Víctor Giné, highlighted the quality of the team and the “useful and disruptive” nature of the tool developed by the firm.