Poynt Raises $100 Million Series C Funding Round
Poynt, the groundbreaking point of sale developer, has announced a Series C funding round of $100 million this week. Funding partners include strategic partners Elavon, the fifth-largest bank in the US, and National Australia Bank, Australia’s largest business bank.
Poynt has re-imagined the payment terminal into a connected, multi-purpose device that runs third-party apps. Since day one, Poynt has partnered with Bould Design to define the industrial design for their products including the original Smart Terminal and the Poynt 5 handheld payments solution. The Smart Terminal incorporates the latest payment and security technology in a singular, highly pragmatic form factor. The sleek, sculptural shape also encloses a thermal printer and paper roll for receipts. The Poynt5, which recently won a Red Dot Design Award, takes all the same technology and integrates it into a smaller handheld form factor, enabling truly mobile payments.