Poynt

paymentspos/mobile pos

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 19/01/2021

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About

Poynt is a revolutionary open commerce platform empowering merchants with software and services to transform their business. Founded in 2013, Poynt reimagined the ubiquitous payment terminal into a connected, multi-purpose device that runs third-party apps. As smart terminals become mainstream, Poynt OS is an open operating system that can power any smart payment terminal worldwide, creating a new app economy for merchants and allowing developers to write once and distribute everywhere. Poynt is headquartered in Palo Alto, Calif., with international headquarters in Singapore, and is backed by Elavon, Google Ventures, Matrix Partners, National Australia Bank, NYCA Partners, Oak HC/FT Partners, Stanford-StartX Fund, and Webb Investment Network.Find out more at poynt.com.

MEDICI Analysis

Poynt provides POS software and hardware solutions for offline retailers. The company offers Poynt Smart Terminal, a payment terminal which comes with built-in basic register functionality that runs PoyntOS, which allows developers to bring tools and technology for merchants to manage every facet of their business. It also provides Poynt 5, a mobile solution that enables payments for functions, festivals, conferences, or for outside of the store. Recently, Poynt was selected for the 2019 Forbes FinTech 50 startups list.

Focus

PRODUCTS & SERVICES

1. The Poynt Smart Terminal: The first smart terminal 2. PoyntHQ: Remote-control mobile app for merchants 3. Mission Control: Terminal management system 4. PoyntOS & SDK: Operating system for smart terminals 5. PoyntSDK: Developer toolkit for merchants

REVENUE MODEL

Poynt's business model is primarily based on the software. Hardware is sold wholesale at or near cost to acquiring banks and other distributors. Terminal management for distributors and app distribution for developers makes the bulk of revenues.

MAIN CLIENTS

Retailers and merchants.

PRIMARY PROBLEM SOLVED

Future Proof payment terminal open and capable of running any 3rd party application the merchant chooses. Support for all traditional and new payment methods - Magnetic Stripe, Chip & Pin, NFC, QR Code and Bluetooth.

Traction

VALUATION / MARKET CAP:

$450 M in 2018

VALUATION COMMENT:

According to third-party data sources, the company's valuation is at $450 million. (Nov. 2018)

COMPANY TYPE:

For Profit

REVENUE

$0 - $99k

ACTIVE USERS:

0

TRACTION COMMENT:

The company has completed 30 million transactions and is expected to have more than $20 billion in payment transactions by the end of 2019. Additionally, it has sold 100k POS terminals. (Feb. 2019)

company provided insights
Acquisitions

M&A

ACQUIRED BY

coinpay

ANNOUNCED DATE

Dec 2020

PRICE

$320 M

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

51,792

AVERAGE VISITS (6 MONTHS)

35,318.2

MONTHLY VISITS GROWTH

35.76%

VISIT DURATION

370

VISIT DURATION GROWTH

99.69%

PAGE VIEWS VISIT

3.05

PAGE VIEWS VISIT GROWTH

17.37%

BOUNCE RATE

54.22%

BOUNCE RATE GROWTH

1.38%

GLOBAL TRAFFIC RANK

486,127

MONTHLY RANK CHANGE

-287,405

MONTHLY RANK GROWTH

-37.15%

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Poynt

About

PoyntOS is a payment terminal operating system, empowering developers with amazing tools to build applications for merchants.

Focus

PRODUCTS & SERVICES

1) The Poynt Smart Terminal - The first smart terminal 2) PoyntHQ - Remote control Mobile App for merchants 3) Mission Control - Terminal Management system 4) PoyntOS & SDK - Operating System for SmartTerminals 5) PoyntSDK - Developer toolkit for merchants

REVENUE MODEL

Poynt's business model is primarily based on the software. Hardware is sold wholesale at or near cost to acquiring banks and other distributors. Terminal management for distributors and app distribution for developers makes the bulk of revenues.

TOP PROBLEM SOLVED

Future Proof payment terminal open and capable of running any 3rd party application the merchant chooses. Support for all traditional and new payment methods - Magnetic Stripe, Chip & Pin, NFC, QR Code and Bluetooth.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

KEY DIFFERENTIATORS

Deep terminal management, multi-channel payments and open access to hardware components.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

Traction

ANNUAL REVENUE:

$0 - $99k

TRANSACTIONS VALUE:

0.00

ACTIVE USERS/ACCOUNTS:

0 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Acquiring bank distribution deals

CHANNEL STATUS

MULTIPLE CHANNELS

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO