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Poynt has raised $133.0M across 3 funding rounds.
Key people at Poynt.
Poynt has raised $133.0M in total across 3 funding rounds.
Poynt develops an open commerce platform, providing integrated hardware and software that modernize payment processing for businesses. Its core offering features smart terminals and an operating system, enabling merchants to accept diverse payment types and integrate with various applications. This technology enhances point-of-sale systems, delivering advanced functionality and connectivity.
Founded in 2013 by Osama Bedier, Poynt emerged from Bedier's significant experience in digital payments, including leading Google Wallet and working at PayPal. His insight addressed a fragmented commerce infrastructure, inspiring him to build an open platform that would empower merchants with advanced tools, bridging traditional and modern commerce.
Poynt primarily serves merchants, equipping them with tools to streamline operations and adapt to evolving payment trends. Its vision is to transform how businesses engage customers and manage sales, fostering an ecosystem where merchants gain greater control and flexibility.
Key people at Poynt.
Poynt has raised $133.0M across 3 funding rounds. Most recently, it raised $100.0M Series C in November 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 13, 2018 | $100M Series C | — | Jamie W., Melissa Widner | Announced |
| Oct 1, 2015 | $28M Series B | OAK HC/FT | CMFG Ventures, Flybridge Capital Partners, Insight Partners, Lightspeed Venture Partners, Matrix, Town Hall Ventures, Waverley Capital, Stanford | Announced |
| Oct 1, 2014 | $5M Series A | — | CMFG Ventures, Flybridge Capital Partners, Insight Partners, Lightspeed Venture Partners, Matrix | Announced |
Poynt has raised $133.0M in total across 3 funding rounds.
Poynt's investors include Jamie W., Melissa Widner, Oak HC/FT, CMFG Ventures, Flybridge Capital Partners, Insight Partners, Lightspeed Venture Partners, Matrix, Town Hall Ventures, Waverley Capital, Stanford.
Poynt is a technology company that builds an open commerce platform centered on smart payment terminals and Poynt OS, an operating system enabling merchants to accept diverse payments like magnetic stripes, chip cards (EMV), NFC, Bluetooth, and QR codes while running third-party apps.[1][2][3] It serves small to medium-sized merchants—such as dentists, bakeries, nail salons, and boutiques—solving fragmented payment and business management issues by providing a connected device that integrates loyalty programs, scheduling, inventory tracking, QuickBooks, and peripherals like printers and scanners.[1][3][4] Acquired by GoDaddy in December 2020 after raising $128M, Poynt has evolved into GoDaddy Poynt, fueling growth through an app economy for resellers and developers, with reported revenue of $21.6M and operations in Palo Alto, Singapore, and India.[1][2][3][5]
Founded in 2013 in Palo Alto, California, Poynt emerged from founders' recognition of outdated payment terminals lacking smart capabilities in a market ripe for innovation.[1][2] The team reimagined the traditional terminal as a multi-purpose, connected device running third-party apps, backed early by investors including Google Ventures, Matrix Partners, National Australia Bank, NYCA Partners, Oak HC/FT Partners, Stanford-StartX Fund, and Webb Investment Network.[2] Key early traction came from Poynt OS, an open system allowing developers to build once and deploy globally, positioning it as a pioneer in smart POS amid rising demand for versatile hardware-software combos.[1][2] The pivotal 2020 acquisition by GoDaddy integrated it into a larger ecosystem, expanding reach while maintaining its merchant-focused mission.[1][3]
Poynt rides the smart POS and open commerce wave, transforming rigid checkouts into dynamic platforms amid trends like contactless payments, app-driven retail, and cashierless tech (e.g., Amazon Go's computer vision).[1] Timing aligns with post-2020 digital acceleration, where SMBs demand unified tools for in-store, online, and mobile ops amid e-commerce growth and subscription models.[3][4] Market forces like EMV/NFC mandates, QR adoption in emerging markets, and ERP integrations favor Poynt's global scalability via Singapore/India offices.[2][5] It influences the ecosystem by democratizing app development for payments and beyond, enabling resellers to bundle solutions and boosting GoDaddy's commerce stack.[3][4]
GoDaddy Poynt is poised to dominate open commerce as smart terminals mainstream, with expansions in AI-driven apps, global reseller networks, and deeper integrations for omnichannel retail.[1][3] Trends like seamless checkout fusion (NFC/QR with biometrics) and SMB digitization will propel growth, especially in high-friction sectors like services and hospitality.[1][4] Its influence may evolve by powering more "terminal-agnostic" ecosystems, solidifying Poynt's foundational role from a 2013 innovator to a commerce backbone—empowering merchants without limits, just as it set out to fix a broken system.[2][3]
