OREANDA-NEWS. May 29, 2015. Since the London-based mobile payment app Cake yesterday opened the doors on its second round of funding on the UK's leading investment equity site Crowdcube yesterday it has already raised more than ?200k. Cake is raising ?800,000, to fund growth in London and Los Angeles.

Brainchild of two former corporate financiers, Michelle Songy and Charlotte Kohlmann, Cake's mobile payment app is used to share and pay bar and restaurant bills. In a Cake-registered restaurant or bar, users can access the easy-to-navigate app to allocate drinks or food to friends in the group and pay or split the bill as they choose. There's no need to leave a card with the venue. Payment is fast, easy and secure.

Kohlmann, 29, co-founder and CEO, said: "We saw a gap in the food and drink service market when we launched with faster and easier way for friends to share and then pay their restaurant or bar bills. When people can pay faster, they are happier. And restaurants can serve more customers and build a reputation for fast and efficient service."

About Cake

Pay your restaurant and bar bills directly from your smartphone with Cake. Cake shows you your bill in real time. You can select the items you want to pay for, or split the bill quickly and easily. No cards, no cash… just Cake. Find out more at http://www.thecakeapp.com/.

About Crowdcube

As the world's first and most successful investment crowdfunding platform, Crowdcube enables entrepreneurs to bypass the traditional business angel, venture capital or bank finance routes, giving them more control and access to more investors. For investors, Crowdcube provides them with a way to cherry-pick a stake in an innovative business that traditionally would have been restricted to corporate investors. In addition, they can now benefit from a fixed return per annum by lending money to more established companies offering a mini-bond on Crowdcube.