Software as a Service (SaaS) company GetSwift (ASX:GSW) has signed a partnership agreement with a restaurant and hospitality point of sale (POS) platform Toast.
GetSwift said it has partnered with Toast to offer additional global touchpoints for its platform.
Toast is based in the US and covers a network of more than 20,000 merchant outlets across 42 states.
Upon completion of the transaction, GetSwift will have the capacity of up to 400,000 deliveries per month, close to 5 million a year, through organic channel growth.
GetSwift continues to execute its technical, product and commercial roadmap as planned and said it is in a position to continue expanding across all venues and channels.
Shares in GetSwift (ASX:GSW) are trading 2.86 per cent higher to $3.60.