Poynt pulls in $100m to help expansion into new markets globally

Poynt, an operating system for any smart payment terminal worldwide, has collected $100m in its Series C round.

The investment was supported by strategic partners Elavon and National Australia Bank, other backers were not disclosed.

Through this burst of equity, the company is looking to expand into new markets in Asia, Europe and South America. Poynt is also looking to grow its talent base and invest into product and partner development. Its aim is to become the main operating system on smart payment terminals around the world.

Poynt is a connected commerce platform which helps merchants to utilise smart payment terminals. Its operating system is hardware-agnostic and can be implemented into new and legacy retail software, empowering payments and commerce across different device types.

The solution also helps merchants to extend their capabilities with third-party and custom apps.

This funding comes after strong growth from Poynt, with it shipping almost 150,000 terminals in 16 months. There have been nearly 30 million consumers to transact via a Poynt terminal, and total payment volume is expected to surpass $25bn over the next year, the company said.

Current partners with Poynt include Elavon, Evertec, Worldpay, J.P. Morgan Chase, Itau Unibanco, Alipay, Nexi, EVO, and Mashreq Bank.

Poynt founder and CEO Osama Bedier said, “Our vision is to transform retail by becoming that innovation platform for payment terminals everywhere. We give developers a technical canvas to build the experiences merchants and their customers have come to expect – and ultimately, make visiting your local store the personal experience it was always meant to be.”

Earlier in the year, National Australia Bank deployed a $20m debt facility into online lending solution for home energy improvements Brighte.

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