CHEQ

CHEQ is a technology company that offers a social payments platform for the hospitality industry. The platform enables users to make payments, place orders, and send food and drinks to friends at restaurants, cafes, bars, stadiums, and other venues. CHEQ's system incorporates both consumer-facing and business-facing solutions. For consumers, the platform allows for mobile ordering, social gifting, and the ability to send food and beverages to friends remotely. On the business side, CHEQ provides point-of-sale terminals, self-service kiosks, and backend payment processing for venues.

The company's technology aims to enhance the customer experience by reducing wait times and allowing for social interactions even when people cannot be physically present. CHEQ's platform handles various forms of on-premise payments and can be customized to fit the specific needs of different venues. In stadiums where CHEQ's system has been implemented, the company reports significant improvements in operational efficiency, including a 28% increase in food and beverage sales, a 30% reduction in concession labor, and a 15-minute reduction in average line wait times.

CHEQ has expanded its presence in the sports and entertainment industry through partnerships with several professional sports teams and event organizers. The company has agreements with the Miami Marlins, Miami Dolphins, Washington Commanders, Tennessee Titans, and the University of Washington Huskies. In November 2023, CHEQ entered a multi-year partnership with Loud And Live to provide payment solutions for various live events and festivals in South Florida.

Key customers and partnerships

CHEQ has established partnerships with several major sports teams and venues. The company's technology is used at Hard Rock Stadium, home of the Miami Dolphins, and LoanDepot Park, home of the Miami Marlins. In addition to sports venues, CHEQ has expanded its reach to include restaurants, bars, and hotels. Some of the company's restaurant partners include Kaori, MaryGold's Florida Brasserie, Vinya Wine & Market, and Hard Rock Cafe.

In November 2023, CHEQ partnered with SWARM, an event production company, to provide payment services for the iii Points music festival in Wynwood, Miami. This collaboration aims to enhance the fan experience at these events through expedited mobile ordering and social gifting features.