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FOOD SERVICES | Staff Reporter, UK
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Tossed backs mobile technology start-up Thyngs in crowdfunding

The founder of Tossed, Vincent McKevitt, invests in the cashless mobile proximity payment start-up.

Along with the company’s financial director Neil Sebba, McKevitt has injected cash into an early stage cashless payments firm, as part of a £300,000 crowdfunding round launched in early January 2018 in www.crowdcube.com/thyngs.

The healthy-eating restaurant chain entrepreneurs have backed Thyngs, a mobile technology platform that turns any physical object into an instant point of sale. KcKevitt and Sebba became interested in the company as a possible solution to the glut of payment apps available to retailers and consumers. 

Vincent McKevitt, founder of Tossed, said, “Tossed was the first hospitality business in Europe to go completely cashless, swapping tills for self-service kiosks to support our proposition, simplify operations and increase service.Thyngs’ mission to make it easy for brands to offer frictionless mobile payments and promotions fits well with our philosophy, and their focus on proximity gives them a significant edge over all the app-based alternatives competing for the same consumer.”

Neil Garner, founder and CEO of Thyngs, said, “The Thyngs platform works for small and large businesses alike, giving them the ability to offer cheaper and easier to implement cashless payment options, without requiring customer to download an app. This provides a more streamlined and faff-free payment experience, using the technology already built in to smartphones.” He added: “Tossed has a great reputation for being ahead of the curve and this investment is a great validation of our offering.”

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