Poynt

paymentspos/mobile pos

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020

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About

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

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)

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)

Momentum

FUNDED

YES

TOTAL FUNDING

$133 M

DATE OF LAST FUNDING

Feb 2019

FUNDING SERIES

SERIES A  · $5 M  · Oct 2014

SERIES B  · $28 M  · Oct 2015

SERIES C  · $100 M  · Nov 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

149 VISITORS | 245 VIEWS
LATEST FUNDING ROUND

$133 M

TOTAL EMPLOYEES
51-200

About

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

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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+
Momentum+
Traction+
People+
Other+

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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

People

FOUNDERS

Osama Bedier

KEY EMPLOYEES:

CEO, FOUNDER: Osama Bedier

CTO: Ray Tanaka

CMO: Allison Johnson

CRO: Tony Miranz

INVESTORS:

and TriplePoint Capital.

Elavon

Financial Technology Partners

GV

Matrix Partners

National Australia Bank

NYCA

Oak HC/FT

Plaza Ventures

StartX Med

Webb Investment Network

Momentum

FUNDED

YES

LISTED

NO