Swiftdine is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$500.00 minimum investment

Swiftdine

Reservable, Pay-Ahead, Sit-Down Dining

Small OPO
,
Consumer Products
Accepting International Investment
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Swiftdine Allows Diners to Reserve a Table, Schedule Service, and Pay Ahead Before they Even Get to the Restaurant

Orchestrated Service Means Optimal Efficiency

Invest In: Swiftdine

In the booming market of On-Demand Dining, Swiftdine has identified a massive gap. Grubhub delivers food. OpenTable seats guests. Swiftdine takes on-demand dining to its next logical evolution with a model we call orchestrated service.


We're introducing dining without the wait. Our Customer-Facing application allows users to reserve tables, schedule their service, place their order, and pay for their meal in advance. This means a smoother, frictionless diner experience. 


Plus, we're keeping in mind the businesses we serve. Our flat-rate business model provides a level of pricing  flexibility to our restaurant partners.


Join us in disrupting the sit-down dining experience. We're giving people with busy lives the option to sit down and enjoy a meal, without the wait. Plus, the Swiftdine platform is fully developed and gaining rapid acceptance with restaurant partners. Since commencing sales in January 2018, the company has signed up a new restaurant each day -- all with little to no advertising. This expansion is just the beginning. 

Dig In.

Dining, Minus the Wait

The Offering

Convertible Promissory Notes

Note converts to Common Stock when the company raises $1,000,000 in a qualified equity financing.


Maturity Date:  11/20/2020

Valuation Cap: $15,000,000 

Discount Rate: 15% 

Annual Interest Rate: 8%*


*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. 

See 10% Bonus below


Today’s diners shouldn’t have to choose between convenience and experience. We’ve created a solution that offers the best of both. We call it Orchestrated Service.

Our Product

Dining in the 21st century has changed. We've seen that this constantly evolving landscape sends one message to restaurant owners: they must evolve or die. We have also seen that restaurants are under increasing pressure to find solutions - guest reviews must be positive, customer turnover must be swift, and diner access should be simple. These businesses are operating on paper-thin margins, under increasing pressure to maximize their efficiency. 


Businesses like OpenTable revolutionized the dining experience by enabling online reservations. But the platform doesn’t go far enough to design a solution that provides optimal experience for diners -- and optimal efficiency for the restaurants that serve them.


Additionally, diner expectations have shifted dramatically. The world of On-Demand Everything is here - customers look for on-demand convenience in everything they do. A rising number of Americans are trading traditional dining experiences for packed lunches, fast food, and pickup and delivery services. As a result, restaurants serve fewer customers during dining hours -- or pay a large percentage of their profits to pickup/delivery services.


Why shouldn’t we enjoy all the convenience of on-demand service, without having to sacrifice the atmosphere, community, and experience that only in-restaurant dining can provide?


Enter Swiftdine.

B2C Application

Our B2C Application allows diners to reserve their table, order their service, and pay in advance for a sit-down dining experience. We allow our users to experience a pre-arranged, streamlined dining experience that saves time and eliminates points of friction. 

B2B Application

Our B2B side allows restaurants to manage the ordering process from top to bottom. These businesses, then, benefit from a more efficient and predictable food preparation and dining service process because they know what they're getting in advance. 

Disrupting The Dining Market

We provide the experience of online ordering coupled with the dining-in experience. 


Our business model is a market disrupter: we charge restaurants at a flat rate instead of a percentage commission: this means restaurants can have increased flexibility while we'll accelerate our market adoption. We aim to make Swfitdine a comprehensive ecosystem for the dining experience

Orchestrated Service

Dining is like a performance: each player must be in harmony. Swiftdine is the conductor. 


Our service coordinates both ends of a complicated process, giving diners a more focused experience and servers a more productive work day.

We'll Expand Our Service

SERVICE

  • Premium VIP Service: Select restaurants will be able to sell their tables to wealthier customers. Swiftdine will receive a 50% cut
  • Swift Stories - Mobile app user will be able to post SnapChat like stories for their friends to see for 24 hours. Geotag filters for an extra cost to the restaurant.
  • Swift stories to be displayed for the masses by popular dishes on the venue screen
  • Group seating option: Similar to Uber pool. Cheaper option to dine out and meet people.

USER EXPERIENCE

  • Search restaurants according to cuisine, price, rating, date night options, family options, etc.
  • Health tracking including calorie counter, food recommendations based on fitness goals, vitamin/nutrient organizer, etc.

COMMUNICATION

  • Option to extend the dine time 5, 10, 15 minutes, or take food to go if running late 
  • Restaurant tracking mobile app user location to ensure quality food

Our Flat Rate Means Flexibility And Growth

The heavy lifting is done before our diners sit down.

We Charge A Flat Rate Per Seat

A flat-rate pricing strategy offers greater flexibility to our partner restaurants than a typical percent commission strategy. 


Restaurants using Swiftdine can opt to pass our dollar fee onto their customer, or “eat” the dollar themselves.


This structure not only allows us to market Swiftdine as a free service -- it also creates competition amongst constituents within the app’s network of
restaurants. If a restaurant eats the dollar, it will attract more customers.

Here's Why It Will Work

The Swiftdine team has been steadily laying groundwork for the rapid adoption of our platform by stakeholders of the restaurant equation: restaurants and patrons. To date we've already had great success. 

150 Restaurants Have Currently Signed Up For Swiftdine

1,000 Patrons Have Scheduled Meals With SwiftDine

While OpenTable is the "Big Fish" in the restaurant tech space - they IPO-ed in 2009 raising $50M at a $626M valuation - we have something they're missing. Their focus on reservations has made their company's name but it also limits the platforms value to restaurants from an operational standpoint. Simply focusing on reservations does not do much to improve the restaurant's operations: reservations don't guarantee a time frame. This means restaurants can still be left with empty seats. Plus, OpenTable has been slow to innovate: operating within the context of a larger organization, their parent company, Priceline. 


At Swiftdine, we're able to serve both restaurant and consumerWhen a customer books through Swiftdine, the restaurant knows they're getting the business. When a business knows their customer's coming the customer is served quickly and easily - as the restaurant has been able to prepare. In this ever-changing landscape we're able to adapt and change as a small and agile company. 


The restaurant industry is booming, and the On-Demand industry is as well. We're hoping to grab a piece of that addressable market.

https://www.restaurant.org/News-Research/Research/Facts-at-a-Glance

United States restaurant industry sales reached $799B+ in 2017

According to the National Restaurant Association

More than 195 million U.S. consumers visited a sit-down restaurant in the spring of 2016 alone

According to market estimates by Statista

There were 1M+ restaurant locations in the US as of 2015

According to the National Restaurant Association

24M+ diners are seated by our major competitor OpenTable every month

According to OpenTable

Invest In Swiftdine

To support the rapid expansion of the Swiftdine platform, we're launching on Startengine. The funding will be directed toward key hires, marketing, and product development, with an eye toward increasing Swiftdine’s market share among restaurants and adoption with patrons users, as well as continuing development of the Swiftdine platform to provide enhanced value for restaurant and patron users alike.


We aim to reach 1k restaurants by the end of 2019, sign high-value restaurant targets, such as The Cheesecake Factory and the Darden family of restaurants, and complete platform improvements and feature expansion according to the company’s product development roadmap.

Join Us!

Offering Summary


Company

:

Swiftdine, Inc.

Corporate Address

:

4840 Brookgrove ct, lima, OH 45807

Offering Minimum

:

$10,000.00

Offering Maximum

:

$107,000.00

Minimum Investment Amount

(per investor)

:

$500.00











Terms


Offering Type

:

Convertible Promissory Notes

Type of Equity Converted Into

:

Common Stock

Conversion Trigger

:

$1,000,000.00

Maturity Date

:

November 20, 2020

Valuation Cap

:

$15,000,000.00

Discount Rate

:

15.0%

Annual Interest Rate

:

8.0%












*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below



What is a Convertible Note?

A convertible note offers you the right to receive Common Stock in Swiftdine, Inc.. The amount of Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $15,000,000.00  Valuation Cap or if less, then you will receive a 15.0% discount on the price the new investors are paying.  You also receive 8.0% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).




The 10% Bonus for StartEngine Shareholders

Swiftdine, Inc. will offer 10% additional bonus interest for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in the StartEngine Reg A offering which closed earlier this year.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering if they invest within a 24-hour window of their campaign launch date. For example, if invest in the first 24 hours, your annual interest rate will be 8.8% instead of 8%.   

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Any expense labeled "Administration Expenses" that is not strictly for administrative purposes

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Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


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