NOQ provides an end-to-end point-of-sale and payment processing solution tailored for the event and entertainment industry, enabling rapid transactions and automated revenue sharing among multiple vendors. The platform addresses inefficiencies in payment processing and vendor management, ensuring a seamless experience for both operators and customers at festivals and events.
Funding
$6.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Event and entertainment venues often struggle with slow transaction speeds, inefficient vendor management, and complex revenue-sharing models, leading to long queues and lost revenue opportunities. Existing point-of-sale (POS) systems often lack the flexibility to handle diverse payment methods and the ability to automatically split revenue among multiple vendors. Connectivity issues in remote locations can further disrupt payment processing and negatively impact the customer experience.
Solution
NOQ provides an end-to-end POS and payment processing platform designed specifically for the event and entertainment industry, streamlining operations and maximizing revenue. The platform offers rapid transaction processing, automated revenue sharing, and flexible hardware options to accommodate various event types and vendor setups. NOQ supports in-person payments via mobile terminals and countertop EPOS, as well as online and in-app ordering through QR codes. The system also features offline payment capabilities to ensure uninterrupted service in areas with unreliable connectivity.
Target Audience
NOQ primarily targets event operators, including festivals, food markets, bars, nightclubs, stadiums, and arenas, seeking to streamline payment processing and vendor management.
Features
- Mobile POS terminals and fixed countertop EPOS for in-person payments
- QR code ordering for online and in-app transactions
- Automated revenue sharing among multiple vendors
- Offline payment processing for uninterrupted service
- Real-time transaction tracking and reporting
- Stock and staff management tools
- Customer loyalty and membership program features
- Integration with existing event management systems