Copyright businessday
Bountip, a technology platform, has been developed to revolutionise the food and beverage industry by providing real-time visibility into back-of-house operations, enabling businesses to optimise costs, reduce waste, and improve profitability. Developed by Titilayo Nwagboh, Bountip’s platform tracks ingredients, measures waste, and analyses recipes to provide actionable insights that help restaurants and bars make informed decisions. According to her, the technology is designed to address the complex challenges faced by F&B businesses, including inventory management, menu engineering, and cost control. She noted that the goal of Bountip is to create a tool that makes food and beverage businesses easier to run and more profitable. Titilayo said Bountip’s technology has already processed over $1.9 million in transactions and secured over $580,000 in pre-seed funding, demonstrating its potential to transform the F&B industry. She added that the platform is designed to be scalable and adaptable, making it accessible to businesses of all sizes. “While most food tech innovations concentrate on front of house experience, Bountip looks beyond this to include what most food-tech companies often overlook the core back of house operations,” he said. “It tracks ingredients, measures waste, and analyses recipes to check for cost optimisation, profitability and where efficiency can be improved,” she said. The idea was simple but powerful: bring data intelligence to the back of house operations of F&B business so managers and owners can make smarter decisions. “The goal was to create something that makes F&B businesses easier to run and more profitable. When people can see where their ingredients, money, resources and time go, they can make better decisions.” Onome Jike, Bountip’s product leadexplained that the company’s approach is centered on understanding the needs of F&B businesses and designing solutions that address their specific challenges. “For us, the challenge was understanding what happens in real kitchens and translating that into technology that actually fits.” “As such, our approach has always been to listen to F&B business operators, see the daily challenges they face, and design solutions that actually solve them.” “As a female-led company, Bountip is also committed to supporting women-owned F&B businesses by providing them with the tools and resources to help them grow sustainably. This focus on empowerment is central to the company’s long-term mission of building a more efficient and inclusive F&B sector.”
