Toast, Inc. (NYSE: TOST) is a cloud-based restaurant technology company that delivers an integrated point-of-sale (POS) and management platform for foodservice businesses. Its core offering combines customized hardware terminals and software applications designed to streamline front-of-house and back-of-house operations, including order taking, in-restaurant payments and table management.
Beyond POS functionality, Toast provides a suite of digital tools such as online and mobile ordering, contactless payments, gift cards, loyalty programs and delivery integrations. The platform also includes back-office modules for inventory management, sales reporting, real-time analytics and menu engineering. A payroll and human capital management add-on supports workforce scheduling, timekeeping and benefits administration tailored to restaurant staffing needs.
Founded in 2011 by Steve Fredette, Jonathan Grimm and Aman Narang, Toast is headquartered in Boston, Massachusetts. Initially launched under the name Posmatic, the company rebranded as Toast in 2015 and expanded its footprint across the U.S., serving single-unit operators as well as multi-unit chains. Toast completed its initial public offering in September 2021, raising capital to accelerate product development and geographic expansion.
Under the leadership of CEO Chris Comparato, who joined as COO in 2013 and later assumed the chief executive role, Toast has focused on deepening integrations with third-party delivery services, enhancing its payment processing capabilities and broadening professional services for clients. The company continues to refine its platform to meet evolving industry regulations and consumer preferences, supporting thousands of restaurants nationwide.
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