Restaurant365
“Can a restaurant back-office accounting platform become the complete financial operating system for multi-unit restaurant operators?”
Founded2011
HQIrvine, California, USA
FoundersTony Smith, John Moody, Morgan Harris
IndustryVertical SaaS / Restaurants
The story
Founded in 2011 as a cloud-based back-office accounting and operations platform exclusively for the restaurant industry, Restaurant365 steadily expanded from accounting into a full restaurant management OS covering scheduling, inventory, and labor. The 2021 mergers with Compeat and Ctuit dramatically expanded its customer base to 50,000+ locations. Post-merger, R365 has layered in embedded finance products—AP payments via FIS, payroll via APS, and a lending marketplace via Lendio—transforming from a pure SaaS accounting tool into a financial services platform for multi-unit restaurant operators.
Product timeline
2011
Restaurant365 launched as a cloud-based all-in-one restaurant management platform focused on accounting and operations.· pivot
2020
Launched R365 Capital in partnership with Lendio to provide restaurants access to capital, including PPP loan guidance during COVID-19.· lending
2020
Conducted significant workforce reduction (layoffs) due to COVID-19 impact on restaurant industry customers.· pivot
2021
Merged with Compeat and Ctuit, expanding platform to over 50,000 restaurant locations and becoming the gold standard in restaurant management software.· acquisition
2024
Launched R365 Payments (AP automation with check, ACH, and virtual card vendor payments) powered by FIS as processing partner.· banking
2025
Expanded payroll offering with updated Payroll Service Terms Addendum, operating R365 Payroll in partnership with Automatic Payroll Systems (APS).· banking
The stack
Payments / PSP
Lending
Payroll
Insurance
Accounting
Accounting gap: minor