Web Design London
Posted
05 / 09 / 2024
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NOQ Group Secures £3.4 Million in Funding to Advance Its Event-Centric POS, Payments & Data Platform

NOQ Group, a software leader in the events sector, proudly announces the closure of a £3.4 million funding round, on top of the recent £1.7 million raised.

This financial boost further strengthens NOQ’s platform, underscoring its ethos of continuous innovation and improvement. This pivotal milestone fuels the company’s mission to become the POS and payment system for multi-vendor operations at festivals and events. NOQ remains committed to revolutionising the industry by streamlining financial operations and enhancing the efficiency of managing multiple vendors.

Overview of NOQ Group Funding

The recent fundraising initiative has successfully secured £3.4 million, a testament to the trust investors have in NOQ Group’s vision and strategy. This capital is set to strengthen the company’s ambitious plan to transform the events landscape – through its unique single currency platform, reinforcing its commitment to providing seamless, innovative solutions.

Empowering Events with NOQ Group’s Innovative Technology

NOQ’s end-to-end product offering encompasses an array of solutions designed to transform the event experience for organisers and attendees alike. The seamless integration of features such as PowerBI dashboards and the NOQ insights app delivers real-time intelligence and operational agility. An integrated Point of Sale (POS) & Payment system ensures fast and secure transactions with offline capabilities and multi-network coverage.

At a grander scale, NOQ’s product suite includes mobile ordering through progressive web apps, e-commerce, and Kitchen Display Systems (KDS) that streamline operations. Automated split revenue capabilities offer flexibility for event partnerships, and the addition of vouchers, and loyalty programs. NOQ’s in-depth reporting harnesses the power of data to drive informed decisions. All these components integrate to form an impressive tech ecosystem unparalleled in the industry.

NOQ Group’s Team: An Extension of Event Success

The dedicated team at NOQ Group is the core of our success. Our on-site support seamlessly integrates with event and festival teams, functioning as dedicated staff to ensure every event runs smoothly. The NOQ team brings passion, expertise, and a deep understanding of the sector. Acting as an essential part of the event infrastructure and embodying the partnership and results-driven attitude that the company prides itself on.

Proudly Partnering with Leading Festivals & Events

We’ve had the privilege of working with a wide range of clients who have trusted NOQ’s platform to enhance their events. Among them are renowned names like the iconic Green Man Festival, National Merchandise, JOY Concerts (Black Deer Festival and On The Beach Brighton), Secret Garden Party, Foodies Festival, Streamline Leisure, Event Merchandising (CarFest), Mint Festival, SoulTown, Brighton Pride, and Street Food Circus. The sporting sector is also on board, with &Munch (The Scottish Open), Peppermint Bars (The Open Championship), and Performance 54 (LIV Golf) leveraging NOQ’s technology.

Industry Traction and Future Prospects

Gaining significant traction within the industry, NOQ Group has attracted both users and investors alike with its compelling value proposition. This momentum is a clear indication of the platform’s resonance with the needs of today’s event organisers. Looking forward, NOQ Group plans to leverage the newly acquired funds to further enhance its offering and accelerate its expansion across global markets, ensuring a more connected and efficient event experience worldwide.

NOQ Group has demonstrated a unique blend of ambition and practicality, backed by a robust platform that promises to disrupt traditional event management and operations. The company’s distinct model and vision place it in a prime position to lead and redefine industry standards.

Accelerate Your Growth

As NOQ embarks on this exciting phase of growth and innovation, we are more committed than ever to pushing the boundaries of what is possible in the events industry. We invite you to join us on this journey and witness firsthand the evolution of event experiences. Get in touch today to find out more or chat to a solutions expert.

This milestone represents a significant vote of confidence from the investment community and signals a new chapter at NOQ Group. We extend a big thank you to all partners, investors, and the dedicated NOQ team.

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