Yumminn revalidates the trust of Oryon and Antai in a new round of 1.4 million

Yumminn has revalidated the trust of Oryon Universal and Antai Ventures to continue developing its project to revolutionize restaurant bill payment through the use of a QR code. The Barcelona-based company founded and led by Christian Campillo has just closed a seed round of 1.4 million euros, providing it with the necessary resources to accelerate its growth, begin internationalization, and develop new functionalities to improve restaurant management and customer experience.

At the end of 2021, Yumminn had already raised a pre-seed round of 420,000 euros, with the support of Enisa, Oryon Universal, several sector business angels, and Antai Venture Builder, the startup factory led by Miguel Vicente and Gerard Olivé. Now, Oryon Universal and Antai have led the new capital injection, in an operation that also involved the positive impact fund Seven Roots and other investors with experience in the restaurant sector. "The round has been a success, reaching 140% of the planned amount in a very complicated environment," explains the startup. According to Yumminn, investors have valued "the exponential growth" registered by the company in recent months and its "potential" to consolidate itself as a market leader.

Currently, Yumminn's payment method is already used by more than 350 establishments. When paying, diners, instead of calling the waiter and asking for the bill, can scan a QR code on the table and pay the bill from their mobile in a matter of seconds without needing to download any application, as the Yumminn platform interacts directly with Google Pay or Apple Pay or with any Visa or Mastercard credit card. In addition to saving time, the main advantage of this system is that it allows splitting the bill, either equally or by indicating a specific amount or even by selecting the dishes or drinks each diner wants to pay for, which is very useful for groups, as it avoids the usual confusions that occur in these situations and queues from having to go to the cashier one by one.

Yumminn also offers restaurants the possibility for diners to order dishes through its platform and also has a loyalty program to accumulate points and exchange them for discounts on the next visit to the establishment. Another Yumminn feature is that it allows tips to be incorporated into digital payment and a system for customers to rate the restaurant.

According to the company, its technology increases the profitability of restaurants, as the average ticket increases by 12%, rotation goes up by 6%, and waiters are relieved of the task of collecting payments and keeping track of the bill. In addition, they assure that tips for employees grow by 55%, which translates into greater staff motivation.

"Yumminn meets all the parameters an investor looks for: a team made up of great people and professionals, a useful and disruptive tool that adds value to the restaurant sector and, all of this, with high scalability potential to be international," highlights Víctor Ginés, CEO of Oryon Universal.

Gerard Olivé, co-CEO of Antai, expresses himself along the same lines: "We continue to bet on Yumminn and its unstoppable team. Its intuitive solution saves time for diners and makes life easier for hoteliers. Seeing the metrics and evolution of recent months, we believe that Yumminn undoubtedly has the potential to become a very relevant player in the digitalization of the sector."

The architect of this kind of Bizum for the hospitality industry is Christian Campillo, a Barcelona executive who until now had developed his career in the luxury sector, to which he had been linked for fifteen years as a L'Oréal executive. Campillo, a graduate and MBA from Esade, worked for the French cosmetics and perfumery conglomerate in Miami, in the travel retail unit, that is, in the sales channel at airports. Subsequently, he was expatriated to Brazil, where he was in charge of eight L'Oréal departments in the country, with 180 employees under his charge.

It was in Brazil where Campillo realized the opportunity to transform some dynamics of the restaurant sector that he saw as inefficient and unsatisfactory for users. After working simultaneously at L'Oréal and on the conception of his business idea, he finally took the plunge: he left his position and his career at the multinational to move to Barcelona, where he created Yumminn with four other partners and with the support of the accelerator Oryon Universal.