Kamco Invest’s private equity team acquires stake in Foodics, strengthening MENA’s restaurant technology landscape

MENA – Kamco Invest, a leading regional non-banking financial powerhouse with one of the largest assets under management (AUM) in the Middle East and North Africa (MENA) region, announced on July 28 that its private equity team has secured a strategic stake in Foodics.

This move underscores Kamco’s commitment to advancing innovative technology solutions within the food service sector across the region.

Founded in 2014, Foodics is a cloud-based platform supporting more than 33,000 restaurants across MENA.

In 2024, it handled an annual gross merchandise value exceeding US$10 billion, reflecting its significant impact on restaurant operations and payments management.

Foodics offers an integrated ecosystem that streamlines restaurant processes, from point-of-sale to financial management, enabling operators to optimize their businesses efficiently.

Kamco Invest’s partnership with Foodics will accelerate the platform’s growth, leveraging Kamco’s extensive financial resources, sector expertise, and expansive regional network.

This collaboration aims to enhance Foodics’ technological capabilities and broaden its footprint throughout existing and emerging markets in the region, fostering innovation across the hospitality industry.

The Foodics system includes key functionalities such as inventory tracking, staff scheduling, customer engagement tools, and secure payment processing solutions.

Its cloud-based infrastructure empowers restaurant owners with real-time insights, data-driven decision-making, and operational efficiency, reducing complexity and boosting profitability.

Foodics’ overarching vision is to build the most comprehensive restaurant operations and financial management ecosystem in MENA.

The platform empowers owners to run their establishments seamlessly while supporting scalable growth and improved revenue performance.

By investing in Foodics, Kamco Invest demonstrates confidence in tech-driven hospitality solutions that align with shifting consumer demands and technological advancements.

This acquisition fits within Kamco’s broader investment strategy focusing on high-growth, innovation-led sectors poised to reshape key regional industries.

Foodics’ established leadership in the restaurant technology market exemplifies the growing appetite for cutting-edge digital platforms in MENA’s fast-evolving food and beverage environment.

Kamco’s support is expected to help Foodics solidify its position, increase market share, and accelerate product development to meet future challenges.

This partnership highlights Kamco Invest’s ongoing role as a catalyst for transformative enterprises, reinforcing its stature as a premier private equity and asset management firm shaping the MENA region’s economic future.

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