QZee

QZee is a United Kingdom-based startup founded in 2021 with a focus on revolutionizing the reservation tech industry. The company's innovative approach eliminates the need for deposits and preliminary card information, aiming to encourage last-minute plans. This is significant as the statistics reveal that 1/4 of bookings result in no-shows or last-minute cancellations, and 30% of customers are deterred by the requirement of prior card information. The startup addresses the substantial annual losses incurred by the UK hospitality industry due to no-shows, amounting to £17.6 billion. QZee's solution employs a sophisticated combination of Google Maps API interfaces and MongoDB spatial searches to mitigate the adverse effects of no-shows and cancellations. Their system combines automation algorithms into a virtual 'queue' and booking system, providing a reliable inflow of customers while offering a functional last-minute solution. This solution effectively caters to the prerequisites for a successful digital walk-in system, ensuring user-friendliness, flexibility, and effectiveness for businesses. The last investment received by QZee amounted to £115.00K in a Pre Seed Round led by investors including Ewan Calder, Shaun Maine, William Murdoch, Vijayender Cherapully, Michael Walker, Erin Bourne-Smith, Merwyn Davies, and Chiga Murayama. Overall, QZee's model presents a potential game-changer for businesses in the hospitality industry, offering a more innovative and efficient system to pre-warn, optimize, and automate booking schedules, ultimately improving footfall and customer management. With its ongoing software expansion, QZee is continually enhancing its value for specific business use cases, making it an intriguing prospect for venture capital investment.