A UK tech start-up has surpassed its crowdfunding targets by more than 34% (£87,260) as it looks to revolutionise the hospitality industry.
ePOS Hybrid launched its month-long crowdfunding campaign with the objective of raising £250,000.
The company reached their target half way into their campaign, which now has seven days left to go.
The Edinburgh-based firm has raised £337,260 from 115 backers, including £100,000 from an Australian investor and $50,000 from a Silicon Valley based company.
Andrew Gibbon, Head of Growth at ePOS Hybrid, said: “Hitting and surpassing our investment ambitions so quickly marks a tremendous milestone in our company’s growth.
“We’re now overfunding and still have a week to go! The speed at which we hit our raise target demonstrates the level of interest and confidence among investors for what we’re currently doing and our future.
“We’re thrilled to have secured international investment from Australia as well as Silicon Valley – proving to us that we have a truly global market available with countless opportunities for expansion.”
Founder of ePOS Hybrid, Bhas Kalangi added: “We’re excited to see what the final figure will be as we continue to over fund our campaign.
“The entire crowdfunding experience has represented one of the biggest successes in our start-up journey so far.
“It’s really highlighted how we’ve disrupted the market and our growing reputation as a game-changer in the hospitality industry.”