Ghost Financial emerges from stealth with $2.5m

Ghost Financial, a financing and business services platform for ghost kitchens, has emerged from stealth with $2.5m raises in a pre-seed round.

Ghost Financial said it made a “monumental effort” to bring in female angels and female-led funds to its pre-seed round, which resulted in it securing a 50-50 gender split of investors.

Participants in the round included HOF Capital, 305 Ventures, Hustle Fund, Active Capital, Anthony Ghosn, The Council, Amber Illig, Dr. Molly Maloof, Sarah Kaney, Meg Fitzpatrick, Samantha Stein, Sabrina Halper, Kosinski Ventures, House Capital, Starship Ventures, Ben Yu, Adam Guild, Cory Levy, Ditec Ventures, Draft Ventures, Pareto20, Kepler Operator Fund, and more.

Using an AI algorithm, Ghost Financial makes quick and accurate financial decisions to provide revenue-generating incentives like cashback credit cards to fund inventory expenses, as well as provide data-informed expansion loan decisions. The company said it enables a low-risk way for emerging restaurant brands to enter their first market and effectively expand into others.

According to Ghost Financial, research has revealed there has been a rise in ghost kitchens since the pandemic-fuelled increase in demand for food delivery services. However, banks are not keeping up with demand because most traditionally don’t know what ghost kitchen are, and they require credit checks and extensive busines credit history. As a result, many ghost kitchen and restaurant operators struggle to know where to go for payroll or insurance services.

John Meyer, FOX Business futurist and venture capitalist, said, “At Ghost Financial, we are leading with empathy — not our pockets — to create a truly independent financial and banking backbone for the restaurant and fast-growing ghost kitchen industry. That means: building a friendly financial partner that isn’t the landlord and isn’t the delivery app.”

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