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Toast runs the cloud software and payment system behind ~156,000 restaurants — one integrated platform of Android POS terminals, online ordering, payroll and lending. It gives the software away cheaply and makes ~82% of revenue by taking a thin slice of every card payment that runs through it, so it grows as its restaurants ring up more sales.

What Toast, Inc. really sells

Toast runs the cloud software and payment system behind ~156,000 restaurants — one integrated platform of Android POS terminals, online ordering, payroll and lending. It gives the software away cheaply and makes ~82% of revenue by taking a thin slice of every card payment that runs through it, so it grows as its restaurants ring up more sales.

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