What is Poynt?
Poynt is a sophisticated connected commerce platform that fundamentally transforms how merchants conduct business through innovative payment technology. Founded in 2013 and headquartered in Palo Alto, the company has developed a robust ecosystem centered around smart payment terminals that function as multi-purpose devices. By deploying Poynt OS, an open operating system, the company enables merchants to access a diverse array of third-party applications, while simultaneously providing developers with a scalable distribution channel. The company operates at the intersection of ERP and financial technology, offering comprehensive hardware and software solutions that cater to both B2B and B2C markets across North America, South America, and international territories.
How much funding has Poynt raised?
Poynt has raised a total of $130M across 3 funding rounds:
Series B
$28M
Series C
$100M
Debt
$2M
Series B (2015): $28M with participation from Oak HC/FT, Stanford-StartX Fund, Matrix Partners, Nyca Ventures, and Webb Investment Funding
Series C (2018): $100M led by Elavon and National Australia Bank
Debt (2020): $2M supported by PPP
Key Investors in Poynt
Oak HC/FT
A premier venture growth-equity fund specializing in Healthcare Information and Financial Services Technology, providing strategic counsel and extensive industry network access.
Nyca Ventures
A fintech-focused venture capital firm that provides both capital and hands-on support for companies across the payments, infrastructure, and embedded finance sectors.
National Australia Bank
An international banking group providing a wide range of financial services, including investment banking and wealth management, with a global operational footprint.
What's next for Poynt?
With a solid foundation established through major enterprise-level funding, Poynt is well-positioned to deepen its penetration into the global fintech market. The strategic focus moving forward involves the continued integration of its payment terminals with advanced enterprise billing and data analytics capabilities. By fostering an open ecosystem, the company aims to solidify its status as the standard operating system for modern commerce. Future initiatives will likely prioritize the expansion of its developer network and the enhancement of its mobile transaction infrastructure, ensuring that merchants remain equipped with the agility required to navigate an increasingly digital global economy.
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