Tawreed.co constantly talks to the UAE restaurant community and we have heard many stories of cashflow challenges, which got us thinking: What, if there would be a way to put the money that’s “stuck in the system” to a better use? Tawreed Circle of Trust (TCOT) does just that: Tawreed.co acts as a trusted, independent, party bringing together restaurants and delivery aggregators and allowing restaurants to guarantee their purchases on Tawreed Market via their 3rd-party online food sales revenue – even before they received it!
A restaurant is able to use up to four times its weekly online sales revenue to buy products and services through the Tawreed Market platform thanks to a special agreement between the restaurant, Tawreed.co, and the aggregator platforms. TCOT considerably reduces cashflow challenges and ensure business continuity by allowing restaurants to use their online sales revenues to buy supplies and services on credit.
All the financial transactions between the restaurants, Tawreed.co, and the online aggregators are fully protected through legally enforceable agreements.
Tawreed.co Circle of Trust is an example of Tawreed’s “win-win” philosophy in action: TCOT helps restaurants to keep running even if they’re faced with short-term cashflow challenges and it helps 3rd-party ordering and delivery platforms to support their restaurant partners without any additional investments.