BEAVER WORKS

About BEAVER WORKS

Beaver Works, operating under the brand name Beaver Store Lab, is a South Korean company founded in April 2017 by CEO Jongyoon Kim. The company specializes in providing a comprehensive suite of smart store solutions designed to aid the digital transformation of offline and small-scale merchants. Headquartered in Seoul, Beaver Works aims to alleviate the operational burdens of store owners by offering integrated technology.

The company's core offering is a total solution for store management that encompasses Point of Sale (POS) systems, self-service kiosks, table ordering systems, QR code-based ordering, and Kitchen Display Systems (KDS). This integrated approach ensures seamless compatibility and operation between different components, as Beaver Works develops and manufactures its own products. A key feature is an AI-powered recommendation engine embedded in its smart devices, designed to increase sales by automatically suggesting popular, related, or set menu items to customers. The company also provides solutions for delivery integration, payment processing including next-day settlement, customer loyalty programs, and 24/7 customer service.

Beaver Works targets a wide range of business owners, from those unfamiliar with technology to new entrepreneurs and those dissatisfied with existing fragmented solutions. The business model involves providing not just hardware and software, but also consulting services to create customized smart store setups tailored to each merchant's specific needs. The company has received backing from private equity investors, including Crescendo Equity Partners. It has also engaged in strategic acquisitions, such as the merger with Paycoq and buyouts of Unos and Order Queen in 2023, to expand its capabilities in financial software and hardware.