With the launch of ToastTab in 2013, as a reviews platform, we have seen an incredible rise in the restaurant community. We aim to resolve the problems faced by restaurateurs by combining point of sale, front of house, back of house, and guest facing technology with an unrivalled commitment to customer success. We enable the community of restaurateurs to delight their guests, do what they love, and thrive.
ToastTab now offers convenient, transparent and loyalty driven food experiences. As per our technology, a lot goes into understanding the true creativity, passion, and pride that it takes to power a successful restaurant.
In July of 2013, we launched our Toast Point of Sale that gave us an opportunity to be accepted quickly by the restaurant community in our hometown of Boston and grew quickly from there. Through word of mouth the growth of our community continued to accelerate. Restaurants on Toast are coming up increasingly as referrals from existing customers.
Today we remain passionately focused on serving our community of restaurateurs. Whether it is in person at their community events, Food for Thought, or through an online class available through our Toast University, we are committed to authorizing the entrepreneurs, and creators that power our industry.
There’s also been tremendous growth in the industry – the number of delivery and dine out restaurants are increasing rapidly. More and more people opt for either booking a table in advance or placing an online order for a great dining experience. We already see an increase in reservations happening per month.
We aim to be the largest processor of table reservations globally. On top of that, restaurants delight their guests by offering our loyalty programs for all the reservations made through our platform. Toast today is the fastest-growing restaurant management platform in the U.S. It also released a suite of new features focused on the guest experience and we are committed to helping the restaurant industry apply technology to increase revenue, improve operations, and delight guests.
We are also named to the 2019 Forbes Fintech 50, 2019 SXSW Interactive Innovation Finals, 2018 Forbes Cloud 100, and recognized as the third fastest-growing technology company in North America on the 2017 Deloitte Fast 500. We help restaurants increase their revenue and quantity of online orders in addition to offering tools to help streamline that process. We analyze business reports of each restaurant and then help them to understand what might work better for them.
We offer a point-of-sale for restaurants by adding more and more services to our basket. Now the goal is to be not just a point of sale, but offer a whole system to help restaurants function more resourcefully. It includes loyalty programs and reporting and analysis on the information. There already are a zillion table reservations happening per month, so the next time your decide to dine out with friends or family, you have plenty of opportunities to make a reservation and a lot of choices to spoil u.