AUSTIN, Texas, Nov. 19, 2015 /PRNewswire/ -- TabbedOut, the leader in mobile payments for bars and restaurants, today named Jason Morton Head of Corporate Development. Morton joins the team with nearly 10 years of experience in financial services. He will be responsible for strategic partnerships, capital market relationships and international expansion.
Morton built his career at Wellington Management Company, an investor in TabbedOut. He began as an equity analyst covering the financial services industry and later became Head of Financial Technology within Wellington's Hedge Fund Group. Most recently, Morton served as Portfolio Coordinator for Wellington's Private Equity Unit. He earned his B.A. in History and Economics from Davidson College.
"Jason is an extremely talented business development executive who can orchestrate our international expansion," said Alex Broeker, CEO of TabbedOut. "During his time at Wellington, Jason built a deep network that will add some rocket fuel to our growth strategy. We're very fortunate to have him on board."
"TabbedOut is an exciting product that appeals both domestically and abroad, particularly with mobile-savvy Millennials," said Morton. "We have only scratched the surface of the big data analytics and personalized marketing strategies that TabbedOut can power. The possibilities for this platform are endless."
Morton's appointment comes on the heels of a $23.5 million Series C led by Wellington. As TabbedOut marches towards an IPO, Morton will play a central in the preparations.
TabbedOut is a mobile payment app that allows guests to close bar and restaurants tabs from their smartphones. Available at thousands of venues nationwide, TabbedOut has integrations with over 70 percent of U.S. service and hospitality POS providers. Bars and restaurants use TabbedOut to anonymously track user behavior and gain insight into customer spending habits. TabbedOut's merchant UI, Periscope, also enables venues to offer rewards to existing customers and incentives to new visitors. No other hospitality-based mobile payment solution offers this ability to "Know Your Customer." With TabbedOut, guests enjoy a fast checkout process, staff see increased table turnover and more gratuity, and venues increase their bottom line revenue.
For more information, please visit TabbedOut.com.