United States, November 2022
Mr Yum is proud to partner with the best to help create a dynamic and creative restaurant industry.
That’s why we’re pleased to announce our new partnership with inKind Capital.
Offering a new way of restaurant financing that is debt- and equity-free, inKind Capital provides restaurant operators with low-cost upfront capital in exchange for food and beverage credit.
inKind provides the finance and resources to set up restaurants for success and growth, which makes our industry partnership a perfect fit.
Mr Yum provides restaurant partners with a powerful and integrated platform that allows them to serve, meaningfully connect with and reward their customers to get them coming back and spending more.
With restaurant operators and their guests in mind, inKind developed a two-sided marketplace that not only provides funding, but markets and sells the credit to diners. These “house accounts” encourage people to prepay for future visits - the only cost to the restaurant is the cost of goods as their guests redeem credit.
Mr Yum CEO and co-founder Kim Teo says becoming a partner with InKind highlights the company’s commitment to supporting the industry as it evolves, expands and adopts new tools and technologies and smarter ways of working.
“The clever flywheel inKind has created that allows restaurants to grow sustainably is clearly aligned to our mission - and that is to help restaurants serve, connect with and reward their customers in deeper, more meaningful ways,” she says.
inKind Head of Strategic Partnerships and Initiatives Sarah Marie Glass says the partnership with Mr Yum is a “no-brainer considering our shared mission to help restaurants thrive by giving them tools to serve exceptional customer experiences”.
“We’re expecting this strong team to expand rapidly into the US and look forward to rolling out an integration together in 2023,” she says.
For more information on inKind and the partnership: inKind.Capital/MrYum