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Friday, October 11, 2024

NOQ Group Secures £3.4 Million Funding to Enhance Event-Centric POS Platform

NOQ Group, a leading software provider in the event management sector, has successfully closed a £3.4 million funding round, increasing the company’s total funding to £5.1 million. This latest investment will propel NOQ’s mission to transform how financial operations and vendor management are handled at festivals and events through its cutting-edge POS and payments platform.

NOQ Group is redefining how festivals and events manage their vendors, payments, and data. The company’s platform integrates effortlessly into the event environment, providing features such as real-time data intelligence, voucher and loyalty programmes, multi-network payment compatibility, and offline transaction functionality. From mobile ordering via progressive web apps to advanced Kitchen Display Systems (KDS) and split revenue functions, NOQ’s comprehensive suite meets the complex requirements of modern event organisers.

“Securing this funding is a significant milestone in our journey to create the most efficient and seamless POS & payment solution for multi-vendor events,” commented Param Kanabar, CEO of NOQ Group. “We’re committed to equipping event organisers with powerful tools that streamline operations and maximise revenue.”

This £3.4 million capital investment demonstrates the strong confidence investors have in NOQ’s vision and strategic direction. The funds will allow the company to continue developing its single-currency platform and enhancing its product range, while also supporting its expansion into global markets and strengthening operational infrastructure.

NOQ’s data-driven approach includes advanced reporting features such as PowerBI dashboards and the NOQ Insights app. These tools provide organisers with real-time insights to make informed decisions, optimise event performance, and deliver a superior experience.

A key factor in NOQ’s success is its dedicated team, which works as an extension of its clients’ operations on the ground. From initial setup to live event execution, NOQ’s experts collaborate closely with festival and event management, ensuring that all aspects run smoothly. This commitment to client success has made NOQ an indispensable partner for high-profile events and festivals.

NOQ’s innovative solutions are trusted by top festivals and event businesses, including Green Man Festival, National Merchandise, Black Deer Festival (JOY Concerts), On The Beach Brighton (JOY Concerts), Secret Garden Party, Foodies Festival, Peppermint Bars, Streamline Leisure, CarFest (Event Merchandising), Mint Festival, SoulTown, Brighton Pride, and Street Food Circus. The company has also established a strong presence in the sports sector, with clients such as the Scottish Open (&Munch), The Open Championship (Peppermint Bars), The RBC Heritage (SERG Restaurant), and LIV Golf (Performance 54) adopting NOQ’s technology to elevate their events.

With this growing traction, NOQ Group is well-positioned for accelerated growth. The company will use the latest funding round to continue enhancing its platform, ensuring a future where events are more connected, efficient, and profitable.

“We’re at a pivotal point in our journey,” added Param. “This funding not only validates our progress but also sets the stage for even greater innovation and expansion. We’re excited to build on this momentum as we continue to redefine the event management space.”

NOQ Group invites event organisers and partners to connect and explore how its platform can enhance their events. With new advancements on the horizon, NOQ is ready to push the limits of what’s possible in event management and vendor operations.

For more information or to schedule a consultation with a solutions expert, please visit NOQ Website or contact [email protected].

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