Torder

About Torder

Torder is a technology company that has developed a tablet-based ordering and payment system for the food and beverage industry. The system allows customers to place their orders and pay directly from their tables, reducing the need for face-to-face interaction with staff. This addresses labor shortages, a significant concern for many businesses in the hospitality sector, while also aiming to improve the customer experience by streamlining the ordering process.

The company primarily serves restaurants and cafes, offering a solution that can be integrated with a high number of existing Point of Sale (POS) systems. This wide compatibility is a key feature, as it allows businesses to adopt the Torder system without needing to replace their current POS infrastructure. The business model is likely based on a subscription or a fee per transaction for the use of their tablet ordering system.

Torder operates in the restaurant technology market, with a presence in South Korea and an expansion into the US market. The company has shown significant growth, with a reported cumulative payment amount of 10 trillion won. By digitalizing the ordering process, Torder provides a tool for offline businesses to enhance operational efficiency and customer service.