Mad Mobile, a restaurant and retail SaaS and payment solutions company, closed a $50 million financing agreement. This funding, managed by Morgan Stanley Expansion Capital and Bridge Bank, will be utilized to amplify the expansion of its SaaS and payment technologies, refinance existing debts, and propel sales growth.
“We are excited to begin our collaboration with Morgan Stanley Expansion Capital and Bridge Bank as we further broaden our reach into more restaurant and retail markets,” Bruce Bennett, CEO of Mad Mobile, said.
“We are thrilled to support Mad Mobile’s team as they embark on their next phase of expansion and growth,” Pete Chung, managing director at Morgan Stanley Expansion Capital, said.
“We’re excited to support Mad Mobile’s expansion and their commitment to providing innovative and cutting-edge solutions to the restaurant and retail industry,” Blake Reid, senior director in Bridge Bank’s technology banking group, said.
