SAN FRANCISCO : Financial services startup Ghost Financial on Tuesday announced an early round of investment as it rolls out banking-style products to the growing sector of “ghost kitchens,” restaurants dedicated to serving customers via food-delivery apps.
As food delivery soared in popularity during the pandemic, many ghost kitchens sprouted up to meet the demand. They are separate from sit-down restaurants and focus solely on delivery. The young businesses often buy their inventory using cash, checks or debit cards, rather than credit, which hampers their growth, said John Meyer, chief executive of Ghost Financial.
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