New York, NY (January 24, 2013) – OLO, the fastest-growing digital commerce engine for restaurants, today announced a $5 million dollar Series B financing from PayPal and existing investors. The New York-based company is hiring as it aggressively scales operations for a breakout year in 2013.
OLO allows customers to order and pay from restaurant websites and mobile apps, so that they can Skip the Line® at the restaurant of their choosing. OLO transmits the prepaid order directly to the restaurant point-of-sale (POS) system. The company has recently seen a surge in mobile ordering from existing clients on its platform, with hundreds of restaurants receiving over 50% of digital orders through mobile. Continue reading