Sunday Raises $100M to Revolutionize Restaurant Checkout

Sunday Secures $100 Million in Series A Funding

A recently established startup, Sunday, has successfully raised $100 million in a Series A funding round, despite being founded only a few months prior.

Coatue spearheaded today’s investment, with additional participation from DST Global partners. Further investment also came from entities within the restaurant, hospitality, and technology sectors.

Background on Sunday

A detailed profile of Sunday was previously published following their initial $24 million seed funding announcement in April. Readers seeking more in-depth information about the company are encouraged to review that earlier report.

The company was founded by Victor Lugger, Tigrane Seydoux, and Christine de Wendel. Lugger and Seydoux are also known as the founders of Big Mamma. Christine de Wendel formerly held leadership positions at Zalando (Head of France) and ManoMano (COO).

How Sunday Works

Sunday has created a streamlined checkout solution designed for restaurants. QR codes are placed on tables, allowing customers to access the menu by scanning them with their smartphones.

Upon completion of their meal, customers can rescan the QR code to review the bill, add a gratuity, divide the total, and depart. Payment options include Apple Pay, Google Pay, American Express, Visa, and Mastercard.

Integration and Costs

The system integrates seamlessly with existing point-of-sale (POS) systems. Supported systems include Oracle Micros, Brinks, Tiller, Zelty, Revo, and CashPad.

Restaurants are not subject to monthly subscription or setup fees. Sunday operates on a transaction-based fee model, charging based on payment processing volume.

Benefits and Considerations

The system is proving popular with diners, leading to faster payment processing and improved table turnover rates for restaurants. This efficiency is driven by customers choosing the convenience of QR code payment.

However, Sunday acknowledges that some patrons value traditional, personal interactions with restaurant staff. The company recognizes that its product may not appeal to all diners, as it aims to reduce friction points in the payment process.

Rapid Growth and Adoption

Launched just five months ago, Sunday has already facilitated payments for over 1.1 million restaurant bills. Currently, more than 1,500 restaurants globally are utilizing the platform.

The startup is experiencing rapid expansion, having onboarded 170 employees across the U.S., the U.K., Spain, France, and Canada.

Future Plans

The new funding will be used to expand Sunday’s reach to additional restaurants and introduce new functionalities. Planned features include table reservations, mobile ordering, and customer loyalty programs.

Sunday aims to accelerate its growth trajectory and anticipates collaborating with 15,000 restaurants by the end of 2022. The team is also projected to double in size over the next year.

Statement from Christine de Wendel

“This new investment round is a remarkable opportunity for Sunday to build a powerful tech stack and develop new product features such as ordering & loyalty programs,” stated Christine de Wendel, co-founder and CEO US.

“It also allows us to accelerate in the U.S. market by growing our sales, operations and partnerships teams. We are now in a very good position to hire top talent to drive the speed and stellar execution needed to succeed.”