- SpotOn Rapid Fund gives operators access to card deposits in under 30 minutes at a cost up to 88% lower than major competitors
SAN FRANCISCO — April 14, 2026 — SpotOn, a leading restaurant technology company, today announced the expansion of its financial services suite with the launch of Rapid Fund and a new partnership to power SpotOn Capital. Together, these solutions address one of the restaurant industry’s biggest challenges, cash flow, while helping fill a major financial gap for newer and smaller restaurants that are often underserved by traditional financial institutions.
For independent restaurant operators navigating tight margins, cash flow is crucial to daily operations and ultimately their survival. Friday payroll starts getting cashed out before sales clear Monday. A broken walk-in goes on a credit card at 28% APR because the repair can't wait for a bank transfer. SpotOn's expanded financial services suite is built to solve this common cash flow dilemma by getting operators their money faster, at costs up to 88% lower than major competitors, and with less friction so they can stop waiting and continue running their business.
"Independent restaurants run lean. Every day that cash sits in processing is a day it's not paying vendors, covering staff, or going back into the business," said Doron Friedman, Chief Innovation Officer at SpotOn. "We built this suite to put operators in control of their own money, on their schedule."
Rapid Fund: card deposits in under 30 minutes, any day of the year
The newest addition to SpotOn's financial services lineup, Rapid Fund moves card deposits to an operator's bank account in under 30 minutes after batching out — 24 hours a day, 7 days a week, 365 days a year. For a low fee of 0.2% per deposit, restaurant operators get access to their revenue when they need it, including nights, weekends, and holidays.
Standard restaurant payment processing means waiting one to three business days for deposits to clear through traditional ACH settlement, four when Monday is a holiday. While other providers offer “instant deposit” features, SpotOn Rapid Fund runs on advanced payment rails with no pre-set maximum transfer size cap and covers all card types, including American Express at a price point that undercuts the market. At a time where 9% of full-service restaurants are at risk of closing in 2026, real operators are already feeling the relief with SpotOn Rapid Fund that saves operators up to 8X compared with Toast and Square.
"I was moving money around to cover bills for my food orders and things like that," said Lyndsey Jacques, owner of Bojae's Wine Bar & Bistro in Edina, Minnesota. "To have SpotOn Rapid Fund just took all of that worry from me."
For operators who don't need funds immediately, SpotOn also offers standard morning funding at no additional cost, a no-pressure option for restaurants that prefer a predictable daily rhythm for accounting and reconciliation.
DayCheck: daily tip payouts, off the manager's plate
DayCheck continues to provide restaurant employees access to their earned tips before payday with rapid funding rails primarily through Visa Direct. With no pre-funded escrow account required for qualified merchants, SpotOn facilitates fund transfers in a way that helps operators maintain cash flow and keep working capital available for the day-to-day needs of the business.
For restaurants managing tip pooling or a team that expects daily tip payouts as standard practice, DayCheck brings the process into the modern era. Automatic tip payouts go out fast, staff get their tips on a consistent schedule, and operators gain back the management time they were losing to a manual process. DayCheck is becoming a leading tip payout platform built for restaurants, integrated directly into SpotOn's restaurant management system.
"Before DayCheck, I was driving to the bank two or three times a week, never knowing exactly how much cash I'd need especially on weekends,” said Heriberto Jimenez, manager at Tequila's Town. “Now I don't have to guess or worry about running out, and what used to take me thirty minutes every night, takes five. My staff loves it too. Everyone wants their money in their bank account, no one has to wait around after their shift, and they're saving a trip to the bank themselves."
SpotOn Capital, now powered by Parafin, restaurant business loans*
When owners and operators need to invest in equipment, a renovation or a seasonal push, SpotOn Capital delivers restaurant business loans with a simple application, fast approvals, and automated repayment drawn from daily sales with fixed fees and transparent pricing.
SpotOn has partnered with Parafin, an embedded finance platform trusted by DoorDash, Amazon, and Walmart to power capital programs at scale. Their AI-powered underwriting evaluates real business performance, not just a credit score, to extend funding offers that reflect how a restaurant actually operates. The result is a financing experience built for independent operators, especially newer and smaller restaurants that are often underserved by traditional lenders.
For restaurant owners who've been turned away by traditional lenders or burned by the fine print on predatory advances, SpotOn Capital fills a major financial gap. Operators can easily apply from their SpotOn dashboard, get funded fast, and pay back automatically from daily sales so cash flow stays predictable even while they’re paying it down. For loans converted from competitors above $10,000, SpotOn offered rates that were 35% cheaper on average than SpotOn competitors.**
“We opened a new location, which is already tough, but a loan from our previous POS provider was killing our cash flow,” said Akira Van Egmond, Owner of Uptown 66. “SpotOn Capital, in partnership with Parafin, cut our monthly loan payments by nearly 50%, enabling us to balance growing the new location without hurting our established profitable restaurant."
Compliant cash discounting and surcharge: a path to zero-fee processing
As consumers are becoming more price conscious, there’s been a return to cash payments, according to PWC. For operators looking to offset restaurant credit card processing fees, SpotOn offers flexible cash discounting and surcharge options that integrate directly into the restaurant point-of-sale. Both programs are compliant (surcharge only available in eligible U.S. States). Guests get a frictionless guest checkout experience. Operators get a practical, transparent path to reducing or eliminating the cost of credit card processing for their restaurant without disrupting service.
One platform. Every dollar accounted for.
SpotOn's financial services suite, Rapid Fund, DayCheck, SpotOn Capital, and flexible payment processing solutions, is designed to work as a connected system inside the same platform operators already use to run their restaurant. For independent restaurant operators, especially those too often left without access to the financial tools they need. SpotOn is built to be the financial partner that keeps pace with them. To learn more about SpotOn's financial services for restaurants, visit spoton.com.
About SpotOn
SpotOn is a leading restaurant technology and financial services company that helps operators run smarter, more profitable businesses. Known for its flexible, cloud-based restaurant management system and 24/7 support, SpotOn offers a complete point-of-sale with online ordering and reservations, labor management, AI-powered P&L analysis, and access to best-in-class integrations. SpotOn builds restaurant technology designed for peace of mind and delivers it with hospitality. For more information, visit www.spoton.com.
*All loans are issued by Celtic Bank. All loans and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice. Bank transfers are subject to review.
**Based on data from SpotOn from December 2024 through March 2026.
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Megan Palmer
SpotOn
MPalmer@spoton.com
410-262-7349
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