Alpa lands $3.5M to build financial platform for hospitality

London-based fintech startup Alpa has secured $3.5 million in pre-seed funding to develop a financial platform specifically for the hospitality sector. This investment aims to address the significant operational complexities and fragmented financial visibility that plague Europe's large hospitality industry, a sector where many businesses still rely on delayed, accounting-driven insights into profitability. Alpa's innovative platform integrates point-of-sale (POS) data, banking transactions, and direct connections to food and beverage suppliers. This allows for the generation of a live, operational profit and loss view, bypassing the traditional, time-consuming accounting and reconciliation processes. The company's focus is on providing restaurant operators with real-time financial clarity, enabling proactive decision-making during the month rather than relying on post-month-end accounting reports. This development is poised to significantly impact restaurant groups and other hospitality businesses by providing them with the tools to monitor profitability dynamically. The ability to access real-time data can lead to improved operational efficiency, better cost control, and ultimately, enhanced long-term scalability. Alpa's approach is emblematic of the growing trend in vertical fintech, tailoring financial solutions to specific industry needs and fostering greater digital sovereignty within European sectors.