Favrit
Favrit is a Norwegian cloud-based POS provider serving 2,000+ hospitality venues including restaurants, bars, nightclubs, cafes, food courts, and festivals, with subscription plus hardware revenue generated through direct website sales in Norway.
- Company typePrivate
- Founded2019
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Favrit does
Favrit AS is a Norwegian software company founded in 2019 and headquartered in Oslo that builds a cloud-based point-of-sale (POS) platform purpose-built for the Nordic hospitality industry. The system runs on AWS and operates as a web application accessible from iPads, Android tablets, PCs, mobile phones, and dedicated payment terminals, with 4G/5G failover to support always-on operation. Beyond the core Kassesystem (cash register) module, Favrit offers a suite of add-on capabilities including mobile ordering, QR-code ordering with shared digital billing, terminal-based POS, digital gift cards, central menu management, customer insights and loyalty analytics, a Favrit Network for cross-venue product sales, and a loss/waste control module integrated with TapIT for real-time beer-tap monitoring.
The company serves restaurants, bars, nightclubs, cafes, food courts, festivals, and restaurant chains in Norway, with named deployments including Delicatessen Tapasbar (5 locations), Palmesus festival (40,000+ guests handled without downtime), Ullevaal Stadion, Vippa Oslo food court, SYNG karaoke bars, LOFT Stavanger nightclub, and The Dirty Floor. Favrit generates revenue through monthly subscriptions to its POS software with tiered pricing based on venue size and features, supplemented by hardware sales of POS terminals. Go-to-market is direct via the company website with demo booking, supported by content marketing, customer case studies, and a 90-day money-back guarantee.
The company has raised approximately $15.78M in venture funding across a 2021 round led by Idekapital and OpenOcean and a 2023 follow-on from Idekapital. It reports a customer satisfaction rating of 4.7 from over 2,000 venues, 99.993% system uptime, and quantified customer outcomes including a 37% revenue increase at Delicatessen and 2x operational efficiency at Vippa Oslo.
Favrit firmographics
Firmographics- Name
- Favrit
- Legal name
- Favrit AS
- Website
- https://web.favrit.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Favrit is a Norwegian cloud-based POS provider serving 2,000+ hospitality venues including restaurants, bars, nightclubs, cafes, food courts, and festivals, with subscription plus hardware revenue generated through direct website sales in Norway.
- Ownership category
- akta.pro rank
Favrit industry classification
Industry- Product category
- Hospitality Point of Sale Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Point-of-Sale (POS) & On-Property Commerce (THALACAI)
- akta.pro secondary industries
- POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC), Mobile POS (mPOS) Devices & Handheld Terminals (HDACAKAB)
Keywords
Where Favrit is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Favrit business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations, Supply Chain
Revenue model
- POS System Subscription: Monthly subscription fee for cloud-based POS system access with tiered pricing based on features and number of terminals
- Terminal/Hardware Sales: POS terminals and hardware sold to customers for use with the system
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Custom pricing based on venue size, number of terminals, and selected features |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Favrit product offering
Product offeringCore offering
Favrit sells a cloud-based Point of Sale (POS) system built specifically for the Norwegian and Nordic hospitality industry. The core Kassesystem handles order management, payments, table tracking, and real-time reporting on any device, and is sold as a monthly subscription with optional hardware (POS terminals). It is bundled with modular add-ons for QR/mobile ordering, shared digital bills, digital gift cards, payment processing, waste/tap control, central menu management, and customer insights, targeting restaurants, bars, nightclubs, cafes, food courts, and festivals in Norway.
Product overview
Favrit offers a unified, cloud-based POS (Point of Sale) platform specifically designed for the Nordic hospitality industry — covering restaurants, bars, nightclubs, cafes, food courts, and festivals. The core product is the Kassesystem (Point of Sale System), which serves as the central operational hub. It is supplemented by a suite of modules including Mobilbestilling (mobile ordering), QR-kode 2.0 (QR code ordering), Felles digital regning (shared digital bill), Digitale gavekort (digital gift cards), Betalingsløsning (payment processing), POS på terminal (terminal-based POS), Svinnkontroll (loss control), Sentral menystyring (central menu management), Produktbibliotek (product library), Driftsinnsikt / Gjestelojalitet (customer insights and loyalty), Favrit-nettverk (neighboring venue network sales), Tappekontroll / TapIT (beer tap monitoring), and Integrasjoner (accounting and workforce integrations). The architecture follows a platform-plus-modules model, where the POS serves as the foundation and add-on modules extend capabilities for ordering, payments, insights, and control.
Differentiator
Problem solved
Functional benefit
Products and services
- Kassesystem (Point of Sale System) Web-based cloud POS system for restaurants, bars, nightclubs, cafes, food courts, and festivals. Handles order management, payments, table tracking, and real-time reporting on iPad, mobile, PC, and POS terminals. Includes automatic updates, 4G/5G failover connectivity, and 99.993% uptime guarantee.
- Mobilbestilling (Mobile Ordering)
Quantifiable outcome
- 37% revenue increase for restaurant chains
- +4 more outcomes
Companies that use Favrit
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles2 records
Favrit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability5 records
Feature10 records
Favrit partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TapITcoreFavrit x TapIT partnership provides real-time tap monitoring and waste control for bars. The integration connects tapped beverages directly to sales, instantly alerting when beer is poured without a corresponding sale. Reveals spillage causes (over-pouring, technical errors, theft) and enables immediate action to reduce margin loss.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Favrit competitors and assessment
Company assessmentBroad incumbents
- Square (Block): Square provides a ubiquitous SMB POS and payments ecosystem used widely by cafes, food trucks, and small restaurants globally. It is a direct competitor to Favrit in the small-venue segment, with massive scale and brand recognition, but limited Norwegian fiscal/localization depth.
- Toast: Toast is a leading cloud-based restaurant POS platform in the US with bundled payments and a deep restaurant-specific feature set. It is highly comparable to Favrit's restaurant vertical focus, but it is a US-centric incumbent and has limited Nordic localization, making it a strategic threat if it expands into Europe.
- Lightspeed Commerce: Lightspeed is a publicly listed, multi-vertical commerce and POS platform with a strong restaurant/hospitality offering across Europe. It is the most direct large-scale incumbent to Favrit's cloud POS value proposition, but it serves a far broader customer base beyond Norway and lacks Favrit's Norwegian-specific fiscal and payment depth.
Direct peers
- TouchBistro: TouchBistro is a restaurant-specific iPad/cloud POS provider focused on full-service and casual dining — the same primary vertical Favrit serves. It is a direct product peer in restaurant POS, though it primarily operates in North America rather than the Nordic market.
- SumUp: SumUp is a European-headquartered mPOS and payments provider serving SMB merchants including hospitality venues, with strong presence in Northern Europe. It directly overlaps Favrit's mobile/terminal POS offering for smaller cafes and bars, and is one of the most active European payment players entering the Norwegian market.
- Zettle by PayPal: PayPal-owned Zettle is a leading European mPOS and integrated payments provider with strong penetration in the Nordics and the UK. It competes directly with Favrit on POS hardware/software and payments for small hospitality merchants in the same Norwegian/Scandinavian geographies.
- Brink POS: Brink POS is a hospitality-focused cloud POS vendor serving restaurants, hotels, and food service across Northern Europe. It is directly comparable to Favrit as a specialist European hospitality POS with similar vertical focus and customer types (restaurants, bars, events).
- Lavu: Lavu is a restaurant-focused iPad/cloud POS platform serving full-service restaurants, bars, and quick-service venues worldwide. It is a direct product peer to Favrit for restaurant and bar POS workflows, though it lacks Favrit's Norwegian-specific localization and festival-scale positioning.
Regional players
- Sitoo: Sitoo is a Swedish-headquartered unified commerce platform serving retail and hospitality brands across the Nordics with cloud POS and clienteling. It is a strong regional peer to Favrit because of overlapping Nordic geography and similar cloud-POS-plus-integrations proposition, though it skews more toward retail than hospitality.
Others
- Stripe Terminal: Stripe Terminal is a developer-first POS hardware and payments integration for in-person card acceptance, increasingly used by software platforms to embed payments. It is adjacent rather than directly competitive, but represents the underlying payments infrastructure layer that any POS (including Favrit) ultimately depends on, and a potential partner or competitive vector.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Favrit social profiles
Digital presenceFavrit compliance and trust
Trust signalCompliance2 records
Favrit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Favrit leadership team
Management profileNumber of profiles
Profiles1 record
Favrit funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Favrit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Favrit
What does Favrit do?
Favrit sells a cloud-based Point of Sale (POS) system built specifically for the Norwegian and Nordic hospitality industry. The core Kassesystem handles order management, payments, table tracking, and real-time reporting on any device, and is sold as a monthly subscription with optional hardware (POS terminals). It is bundled with modular add-ons for QR/mobile ordering, shared digital bills, digital gift cards, payment processing, waste/tap control, central menu management, and customer insights, targeting restaurants, bars, nightclubs, cafes, food courts, and festivals in Norway.
Is Favrit a public or private company?
Favrit is a private company. It is classified as venture growth investor backed and is currently operating.
When was Favrit founded?
Favrit was founded in 2019. It employs 11 to 50 people.
Where is Favrit based?
Favrit is headquartered in Oslo, Norway, in the Europe region.
How does Favrit make money?
Two revenue lines are on record. POS System Subscription is the primary driver. The others are terminal/Hardware Sales.
Who are Favrit's main competitors?
Broad incumbents on record are Square (Block), Toast and Lightspeed Commerce. Direct peers are TouchBistro, SumUp, Zettle by PayPal, Brink POS and Lavu. Sitoo is listed as a regional player. Stripe Terminal is listed as an others.
Does Favrit have an API?
No public API is recorded for Favrit.
What industry is Favrit in?
Favrit's product category is Hospitality Point of Sale Software. Its primary akta.pro industry code is THALACAI, Point-of-Sale (POS) & On-Property Commerce, with a secondary code of FSAMADAC, POS Payment Software & Middleware (Terminal OS, Apps, Device Management). Its NAICS code is 5132 and its SIC code is 7372.