Toast, Inc. Class A Common Stock (TOST)

Competitors to Toast, Inc. Class A Common Stock (TOST)

Clover

Clover offers customized point-of-sale systems for businesses, including restaurants. The platform features payment processing, inventory management, and customer engagement tools similar to Toast. Clover’s advantage lies in its flexibility and range of hardware options, as it appeals to various types of businesses beyond restaurants. This broad appeal can make it competitive against Toast, especially for smaller operations looking for adaptability and cost-efficiency.

Lightspeed POS 

Lightspeed POS offers an all-in-one point-of-sale solution that provides inventory management, analytics, and e-commerce capabilities tailored for retail and restaurant businesses. Competing directly with Toast, Lightspeed focuses on providing advanced analytics and multichannel selling tools, which makes it attractive for businesses looking to expand their operations online. While Lightspeed has a competitive offering, it tends to attract a different segment of businesses that may prefer its retail features over Toast’s restaurant specialization.

Revel Systems

Revel Systems provides cloud-based POS solutions tailored for both restaurants and retail environments. Competing with Toast, Revel Systems focuses on scalability and enterprise-level solutions that can manage complex operations across multiple locations. While Revel has a strong offering for larger chains, Toast's specific focus on hospitality and ease of use can give it an edge in customer service and support for restaurants looking for tailored solutions.

Square, Inc. 

Square, Inc. provides a range of payment processing solutions and point-of-sale systems that cater to businesses including restaurants. Both Square and Toast enable restaurants to manage payments, orders, and customer interactions, competing on ease of use and integration with other business tools. Square's strength lies in its strong brand recognition and extensive ecosystem of services like Square Capital and Square Payroll, which can attract smaller businesses that might not require the comprehensive features offered by Toast.

Upserve

Upserve specializes in restaurant management software and provides point-of-sale solutions, marketing, and analytics specifically designed for the foodservice industry. The key competitive aspect is that Upserve emphasizes data utilization for improving restaurant operations, whereas Toast markets itself with a focus on its all-in-one platform capabilities. Upserve's niche in providing data-driven insights creates competition with Toast, particularly among mid-sized to larger establishments that value detailed analytics for improving customer experience.