Foodics Hits $6bn GMV in H1 2025 as International Revenue Jumps 56%
The Riyadh restaurant-tech company reports broad growth across branches, payments and recurring revenue as it lines up more than $100m in acquisitions.
Foodics, the Riyadh-based restaurant management and fintech platform, reported strong first-half 2025 numbers, processing $6 billion in gross merchandise value, up 27 percent year on year, and growing annual recurring revenue by 29 percent.
The company said active branches on its platform reached 33,500 restaurant locations, a 23 percent annual increase, while payment volume grew 38 percent. International revenue surged 56 percent as Foodics expanded beyond its Saudi base, and the company said it had lined up more than $100 million in planned acquisitions spanning fintech, AI and restaurant technology, including the purchase of Solo, a UK-based self-order kiosk provider.
"We are now deeply embedded in the operational and financial infrastructure of restaurants across the region," said chief executive Ahmad Al-Zaini. The platform pairs point-of-sale systems with financial tools including digital payments, lending and working-capital access, operating under Saudi Central Bank licences, and said it expected a "very strong" second half as it continued to expand its fintech services regionally.
The results highlight how vertical software companies in the Gulf are layering embedded finance onto their core products, turning operational platforms for merchants into growing payments and lending businesses.