Last Updated on: 9th September 2024, 07:24 pm
NOQ Group, a leading software provider in the events industry, is delighted to announce the successful closure of a £3.4 million funding round, raising the company’s total funding to £5.1 million. This latest financial backing will accelerate NOQ’s mission to revolutionise vendor management and financial operations at events and festivals with its state-of-the-art POS and payments platform.
NOQ Group is reshaping how festivals and events handle multiple vendors, payments, and data. The platform integrates seamlessly into event ecosystems, offering advanced features such as real-time data insights, loyalty schemes, voucher systems, multi-network payment coverage, and offline transaction support. With features ranging from mobile ordering via progressive web apps to sophisticated Kitchen Display Systems (KDS) and split revenue capabilities, NOQ’s comprehensive suite addresses the complex demands of modern event organisers.
“Securing this funding is a significant milestone in our journey to create the most efficient and seamless POS & payment solution for multi-vendor events,” said Param Kanabar, CEO of NOQ Group. “We’re committed to equipping event organisers with powerful tools that streamline operations and maximise revenue.”
The £3.4 million capital investment highlights investor confidence in NOQ’s vision and strategy. These funds will enable the company to further develop its single-currency platform and enhance its product offerings, driving innovation within the events sector. Plans include global expansion and bolstering operational infrastructure.
NOQ’s approach is data-driven, with advanced reporting tools such as PowerBI dashboards and the NOQ Insights app providing event organisers with real-time information to make informed decisions, optimise performance, and deliver exceptional event experiences.
Central to NOQ’s success is its dedicated team, which acts as an extension of its clients’ on-site operations. From initial setup to event execution, NOQ’s experts work closely with festival organisers and staff, ensuring that every aspect runs smoothly. This customer-centric approach has made NOQ an essential partner for leading festivals and events.
NOQ’s innovative solutions have already won the trust of prestigious festivals and event organisers, including Green Man Festival, National Merchandise, Black Deer Festival (JOY Concerts), On The Beach Brighton (JOY Concerts), Secret Garden Party, Foodies Festival, Peppermint Bars, Streamline Leisure, CarFest (Event Merchandising), Mint Festival, SoulTown, Brighton Pride, and Street Food Circus. The platform has also made a mark in the sporting sector, with the Scottish Open (&Munch), The Open Championship (Peppermint Bars), The RBC Heritage (SERG Restaurant), and LIV Golf (Performance 54) among those adopting the technology to enhance their events.
As market momentum builds, NOQ Group is poised for rapid growth. The company plans to use this latest round of funding to continue refining its platform, ensuring a future where events are more connected, efficient, and profitable.
“We’re at a pivotal point in our journey,” added Param. “This funding not only validates our progress but also sets the stage for even greater innovation and expansion. We’re excited to build on this momentum as we continue to redefine the event management space.”
NOQ Group invites event organisers and partners to explore how its platform can elevate their events. With new developments on the horizon, NOQ is ready to push the boundaries of what’s possible in event management and vendor operations.
For more information or to schedule a consultation with a solutions expert, please visit NOQ Website or contact louise@noqgroup.com.
