Food Delivery Platform Foodics Records $6 Billion Gross Merchandise Volume and 29% Revenue Increase in First Half of 2025 Due to Rising Fintech Adoption
Foodics Achieves Significant Growth and Expansion in H1 2025
In the first half of 2025, Foodics, a leading restaurant management platform, has demonstrated remarkable growth and expansion in its services. The company has reported a 29% increase in revenue and reached a gross merchandise value (GMV) of $6 billion, marking a significant milestone in its journey.
With over 33,500 active restaurant branches under its wing, Foodics has established itself as a dominant player in the restaurant technology sector. The platform's integrated cloud-based system, which combines restaurant operations management with fintech services such as payments and access to capital, has proven to be a game-changer for merchants, enabling them to streamline their businesses through a single interface.
One of the key drivers of Foodics' growth has been its fintech stack. This service has been a key growth engine for its merchants, providing them with seamless payment solutions and financial management tools. The fintech services have significantly enhanced the restaurant ecosystem, contributing to the platform's overall success.
In a move that underscores confidence in Foodics' fintech and tech-driven growth potential across the MENA region, Kamco Invest acquired a stake in the company late in 2024. Foodics is aiming for a public listing on the Tadawul stock exchange within the next 2 to 3 years, aligning with its rapid scaling trajectory and investor backing from major funds like Prosus and Sanabil Investments.
The company's growth trajectory is not limited to its domestic market. International revenue for Foodics surged 56% in H1 2025, indicating a strong global appeal for its services. Foodics expects a "very strong H2" as it continues regional expansion and scales its financial services offering.
Foodics' growth is not just limited to its revenue and GMV. The company has also seen a 27% increase in GMV processed through its platform and a 38% growth in payment volume in H1 2025 compared to the same period last year.
In a strategic move to further bolster its position, Foodics plans to invest over $100 million in acquisitions across fintech, AI, and restaurant technology sectors. The company recently acquired Solo, a UK-based provider of self-order kiosks and white-label ordering solutions, which is expected to strengthen its offering in the self-service sector.
In conclusion, Foodics' robust growth in H1 2025, marked by a 29% revenue increase and $6 billion GMV, underscores its position as a leading cloud-based restaurant technology platform in the Middle East. With its integrated fintech capabilities, strategic acquisitions, and ambitious expansion plans, Foodics is poised for continued success in the future.
Foodics' impressive growth in H1 2025, fueled by a 29% revenue increase and a $6 billion GMV, highlights its dominance as a cloud-based restaurant technology leader. The company's strategic acquisitions, such as the one of Solo, a UK-based provider of self-order kiosks, further strengthens its position in the self-service sector, demonstrating its commitment to technological advancement.
