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§ Private Profile · New York City, NY, USA
Mobile app design and publishing platform for SMB's
Per Diem has raised $2.3M across 1 funding round.
Key people at Per Diem.
Per Diem was founded in 2020 by Tomer Molovinsky (Founder) and Doron Segal (Founder).
Per Diem has raised $2.3M in total across 1 funding round.
Per Diem makes launching an app as easy as building a website. Think Starbucks-level tech for every mom-and-pop shop, at 10x the speed and 1/10th the cost. Ranked as the top app for Loyalty & Rewards in the Square app marketplace, our iOS and Android apps power over 150 brands, including Coffee Dose, Think Coffee, and Chip City.
Key people at Per Diem.
Per Diem is a mobile app design and publishing platform that enables small and medium-sized businesses—especially restaurants, coffee shops, and bakeries—to launch fully branded iOS and Android apps quickly and affordably. The company’s product is a white-labeled mobile app builder that integrates natively with Square’s POS system, allowing SMBs to offer Starbucks-like digital experiences: mobile ordering, loyalty programs, rewards, push notifications, and in-app payments.
Per Diem serves independent and multi-location food & beverage brands that want to own their customer relationship through a branded app but lack the engineering resources or budget for custom development. It solves the problem of high-cost, slow mobile app development by offering a no-code platform that can spin up a production-ready app in under 24 hours. With over 1,000 stores globally (including 100+ in NYC) and more than 150 brands like Coffee Dose, Think Coffee, and Chip City, Per Diem has strong traction among Square-powered SMBs and is the top-rated loyalty & rewards app in the Square App Marketplace.
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Per Diem was founded in 2021 by Tomer Molovinsky, a product leader with five years of experience building consumer-facing products at OpenTable and Resy. Having worked on high-end restaurant tech, he saw a stark gap: while large chains like Starbucks had sophisticated mobile apps, independent restaurants were left behind due to cost, complexity, and long development timelines.
The idea for Per Diem emerged from a simple insight: if SMBs already use Square for payments and operations, why couldn’t they instantly get a branded mobile app that syncs with their POS? Molovinsky started Per Diem to “democratize mobile apps for restaurants,” making it as easy to launch an app as it is to build a website. The company joined Y Combinator’s Winter 2021 batch, which helped accelerate early product development and go-to-market strategy. Early traction came quickly through the Square ecosystem, where Per Diem became the top-rated loyalty app and began powering hundreds of local brands with fully synced, white-labeled apps.
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Per Diem sits at the intersection of three powerful trends: the rise of SMB-first SaaS, the shift toward owned customer channels, and the commoditization of mobile app infrastructure. As more small businesses move beyond basic POS systems and social media, they’re seeking ways to own their customer relationships—through apps, loyalty, and direct communication—without the overhead of a tech team.
The timing is critical: post-pandemic, mobile ordering and digital loyalty have become table stakes for restaurants. At the same time, no-code/low-code platforms and modular infrastructure (like Stripe, Square, and Firebase) have made it possible to deliver enterprise-grade experiences at SMB price points. Per Diem is riding this wave by turning Square-powered SMBs into app-powered brands, effectively “appifying” local commerce.
By lowering the barrier to entry for mobile apps, Per Diem is also reshaping how independent businesses compete with chains. It enables them to capture behavioral data, increase average order value, and drive repeat visits—metrics that were once the domain of large, well-funded brands. In doing so, Per Diem is helping to level the playing field in local commerce and reinforcing the broader trend of “SMBs as tech companies.”
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Per Diem is well-positioned to become the default mobile app layer for Square-powered SMBs. As more restaurants realize that their app is a higher-margin, higher-engagement channel than third-party delivery platforms, demand for fast, affordable, and integrated solutions will only grow. The company’s tight Square integration, proven use cases, and strong reviews suggest it can scale to thousands of additional merchants across the U.S. and beyond.
Looking ahead, Per Diem could expand into adjacent verticals (like retail or services), deepen its loyalty and marketing capabilities (e.g., personalized offers, AI-driven recommendations), or even explore a self-serve marketplace for templates, add-ons, or partner integrations. The bigger opportunity, however, is not just building apps—but becoming the operating system for SMB customer engagement, where the app is the hub for ordering, loyalty, payments, and retention.
Just as Shopify made it easy for SMBs to launch websites, Per Diem is doing the same for mobile apps. And in a world where every local brand wants to feel like Starbucks, that’s a powerful playbook.
Per Diem has raised $2.3M across 1 funding round. Most recently, it raised $2.3M Seed in April 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 21, 2021 | $2.3M Seed | TWO Sigma Ventures | — | Announced |
Per Diem was founded in 2020 by Tomer Molovinsky (Founder) and Doron Segal (Founder).
Per Diem has raised $2.3M in total across 1 funding round.
Per Diem's investors include Two Sigma Ventures.
