Foodics launches Capital 2.0 with SAR 375 million restaurant funding target

Foodics has launched Capital 2.0, an automated funding product for eligible restaurants, and is targeting SAR 375 million in funding during its first year. The company unveiled the service at Money20/20 Middle East in Riyadh.

Foodics Capital 2.0 uses restaurant data

Capital 2.0 uses a restaurant’s performance data and an embedded AI layer to assess funding eligibility. Approved businesses can complete the process through their Foodics account, with the company saying funding can be approved and disbursed within four hours.

The product places funding inside the same system restaurants already use for management and payments. Foodics has not disclosed the funding limits, repayment terms, fees or the number of restaurants expected to qualify in the release supplied to tbreak.

What Foodics Capital 2.0 means for UAE restaurants

Foodics operates across the Middle East and has an established UAE presence. The company’s earlier Money20/20 Middle East announcement described its restaurant-management and payments business in the region.

The Capital 2.0 announcement does not confirm whether UAE restaurants can apply immediately, whether funding will be offered in AED, or which local financing rules will apply. UAE operators will need to check their Foodics account for eligibility and terms. Foodics’ own site is the current source for product and market information.

Tbreak previously covered Foodics’ Forward Together initiative and its work with the UAE food and beverage sector. The new product targets a more direct problem: giving eligible restaurants access to working capital without leaving the platform they use to run the business.

Foodics has also published its restaurant technology platform overview, which remains the reference point for product availability and regional details.