Saudi-based fintech firm Qoyod has announced its strategic acquisition of Flavours, a platform specializing in Point-of-Sale (POS) and management systems for the restaurant industry. The move marks Qoyod’s official entry into the food and beverage sector, accelerating its transformation into an integrated business operating system for companies across the Kingdom.
This acquisition is a key part of Qoyod’s expansion strategy, which focuses on simplifying business management by providing interconnected operational solutions. The deal aims to help business owners, particularly in operationally intensive sectors like F&B, enhance their financial and operational efficiency.
A Strategic Move into Restaurant Tech
By incorporating Flavours into its ecosystem, Qoyod aims to deliver a deeply integrated experience for the restaurant industry. The combined platform will merge accounting solutions, sales management, cashier systems, and financial performance tracking into a single, unified interface. This consolidation is designed to reduce the operational complexity and reliance on multiple disparate systems that restaurant owners currently face.
The F&B sector is one of the most demanding industries for specialized tech solutions, given its multiple sales points and the critical need for precise cash and inventory management. This makes the acquisition a logical and strategic step in Qoyod’s growth trajectory.
Integrating Operations for Seamless Management
The core objective of the deal is to enhance the synergy between accounting and operational tools for restaurants. By directly linking POS systems, order management, and inventory with its core accounting software, Qoyod will enable restaurant owners to improve operational efficiency, ensure greater accuracy in financial data, and make more informed business decisions.
Qoyod stated that its expansion into this vertical aligns with its vision to provide a comprehensive digital ecosystem that serves the needs of small and medium-sized enterprises (SMEs), supporting the rapid digital transformation occurring across the Saudi business landscape.
Leveraging Scale for Sector Dominance
With an existing client base of over 25,000 companies and having processed transactions valued at more than SAR 450 billion, Qoyod is well-positioned for sectoral expansion. This significant scale provides a strong foundation for developing specialized solutions tailored to different market segments.
Industry observers note that this move reflects a growing trend among regional fintech and management software companies to use acquisitions as a primary tool for growth, especially when entering sectors that demand specialized operational expertise, rather than relying solely on internal development.
About Qoyod
Qoyod is a Saudi-based cloud accounting and business management platform designed for small and medium-sized enterprises (SMEs). The company provides a comprehensive suite of tools for invoicing, expense tracking, inventory management, and financial reporting to help businesses streamline their operations and comply with local regulations.
Source: Jawlah
