Intelligent Point of Sale secures £550,000 to expand iPad based till point app

Funding Rounds

▤ Summary

Fast-growing UK app developer Intelligent Point of Sale has secured a £550,000 investment which will enable the software firm to expand, franchise its business model internationally and appoint executive staff. IPOS competes with software developed by large US providers, and has won over customers such as Underbelly, the UKs biggest festival operator and Second Cup the world’s 2nd fastest expanding coffee franchise. Commenting on the investment Ian Gray, Director at 24Haymarket said: “We firmly believe that Intelligent Point of Sale has spotted a real gap in the market with its iPad based app. We’ve always chosen usability over design and feel that this is testament to our success so far.” Stephen Paterson, Director of Quest Corporate, an Edinburgh-based corporate finance boutique that supported the funding, said: “We are very pleased to facilitate this growth capital as we see Intelligent Point of Sale as one of Scotland’s most exciting cloud based technology businesses.” Paul Walton and Intelligent Point of Sale co-founder Robin Knox, built the UK’s first iPad-based till software in 2013, initially working out of an Edinburgh kitchen. Founded in October 2012 by business partners Robin Knox and Paul Walton, Intelligent Point of Sale Limited employ 16 members of staff in Edinburgh.

$ Funding

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Amount $767.5K Total raised
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Date May 27, 2015 Announcement date
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Investors 24 Haymarket Lead investors
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Company http://www.intelligentpos.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

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