Three friends from Virginia Tech, Sofiat “Sofie ” Abdulrazaaq, Lemaire Stewart, and Kyle Miller, are taking advantage of the growth of global food trucks which rose to $3.93 billion in 2020. The trio loved street food. After falling in love with a food truck’s delicacies, they wanted to return, but they had trouble finding the truck again because trucks move around.
Like many food truck owners, the trio is diverse, with immigrant backgrounds but the team is uniquely skilled to build a fintech platform. Sofie was a product manager and is a lawyer, and her co-founders’ skills include web development, engineering, and UX design.
Goodfynd is a marketplace and contactless payment system for food trucks. Its diverse team bootstrapped, built its own proprietary tech and is growing 100% QoQ since its launch in March 2020. Over 500 food trucks are on the platform.
Goodfynd is the first platform to create full visibility for a 3 party transaction ( the parking lot owner, the truck owner, and the customer). This is a legit new infrastructure for a nicely growing, entry-level segment of the entrepreneurial ecosystem, food trucks. It’s also in a sector, food service, hit hard by COVID-19 and needing recovery–tools like this will help fuel growth.
Goodfynd is passionate about helping rising entrepreneurs from minority demographics succeed in this “Entry level” food entrepreneurship enterprise. Goodfynd is very aware that it’s easier to start a food truck than a restaurant or even a catering business, so they feel it really helps entrepreneurs launch.
They are on a mission to make more successful founders in the food industry.
The food truck industry has experienced an overall revenue increase of 300% from 2014 to 2017 and is a $1.2 billion dollar industry poised to take off even faster, food entrepreneurs right size and look for tools to support growth through the economic recovery.
The POC-Founded Fintech, Goodfynd has now Raised $1.8 Million In VC To Help The Food Truck Industry.