Poynt Raises $100 Million in Series C Funding Round Investment Fuels Poynt’s Strategy to Become the Operating System for Payment Terminals Worldwide
Summary
PALO ALTO, Calif.--( BUSINESS WIRE )-- Poynt today announced a $100 million Series C raise, including strategic partners Elavon and National Australia Bank (NAB).Based on Android, it is hardware-agnostic and seamlessly plugs into new and legacy retail software systems, allowing merchants to extend their capabilities with third party and custom apps.“Smartphones changed the way we search, buy and communicate -- not only because the hardware was beautiful, but because iOS and Android transformed a ubiquitous utility into a platform for innovation where developers could build once and distribute everywhere,” said Osama Bedier, founder and CEO of Poynt.“We’ve been very impressed with the caliber of the team at Poynt and the innovation of their smart payment terminals,” said Melissa Widner, General Partner, NAB Ventures.“As Australia’s largest business bank with a large merchant customer base, NAB is always looking at new initiatives that are coming into the market and assessing whether they could help us provide improved experiences to our customers.”
Funding
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