Summary:
- Utrecht-based fintech company Twelve, specializing in PoS and order management in the foodservice and hospitality sector, received a majority investment from Centric.
- The acquisition enhances Centric’s portfolio of retail software solutions, with support from investment vehicle Spacetime to accelerate Twelve’s growth strategy.
- Twelve’s platform powers over 700 million transactions yearly across various locations, catering to high-pressure environments with a focus on speed, reliability, and ease of use.
Unique Article:
Utrecht Fintech Firm, Twelve, Secures Majority Investment from Centric
In a significant development within the fintech sector, Utrecht-based company Twelve has recently announced a major investment from Centric, a renowned player in the IT solutions industry. Specializing in point-of-sale (PoS) and order management solutions tailored for the foodservice and hospitality sector, Twelve’s partnership with Centric marks a pivotal moment for both companies.
Enhancing Retail Software Solutions Portfolio
With the exact financial details of the investment remaining undisclosed, the collaboration between Twelve and Centric is poised to bolster the latter’s portfolio of retail software solutions. This strategic move highlights Centric’s commitment to staying at the forefront of technology innovations in the competitive market landscape.
Accelerating Growth Strategy with Spacetime
Furthermore, Centric, along with investment vehicle Spacetime, will play a crucial role in supporting Twelve’s founder and newly appointed CEO, Willem van Kralingen, in enhancing the company’s service offerings and driving its European growth strategy forward. This partnership is set to pave the way for exciting developments in the fintech realm.
Twelve’s proven track record in delivering cutting-edge PoS and order management solutions for the foodservice and hospitality sector speaks volumes. With a robust platform that facilitates over 700 million transactions annually across a diverse range of locations, including sports clubs, quick service restaurants, stadiums, and large-scale events, Twelve’s innovative approach sets it apart in a highly competitive market.
Centric’s broad spectrum of IT solutions and services, encompassing software solutions, IT outsourcing, and staffing services, complements Twelve’s offerings seamlessly. The synergy between these two industry leaders hints at a promising future filled with innovation and growth opportunities.
As the fintech landscape continues to evolve, the partnership between Twelve and Centric signals a new chapter in the realm of retail software solutions. With a shared vision for technological advancement and customer-centricity, the future looks bright for these industry trailblazers.
