Tagged: point-of-sale

May 16, 2021 @ 11:17 pm By Omar Faridi  |  

The way in which payments are conducted has been gradually changing but the shift towards all-digital platforms has accelerated following the COVID-19 outbreak. As noted in a recent report from Juniper Research: “The number of and the success of online retailers has been growing, and… Read More

March 16, 2021 @ 10:43 am By Samantha Hurst  |  

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Tuesday it has appointed Michael Brown as its new Vice President of Credit Risk and Pricing. The latest appointment comes just weeks after LendingUSA appointed Adam Contino… Read More

March 11, 2021 @ 8:05 am By Samantha Hurst  |  

  U.S. tech platform CURO Group Holdings Corp. (NYSE: CURO) announced on Thursday it has completed the acquisition of Flexiti Financial. Inc., a Canadian point-of-sale (POS) / buy-now-pay-later (BNPL) provider. According to Curo, the transaction included cash at closing of $86 million and contingent consideration… Read More

February 1, 2021 @ 10:09 am By Samantha Hurst  |  

U.S. tech platform CURO Group Holdings Corp. (NYSE: CURO) announced on Monday it is set to acquire Canada-based point-of-sale financing and payment tech provider Flexiti. CURO reported that under the terms of the agreement, it will acquire Flexiti for cash at closing of $85 million. The… Read More

January 29, 2021 @ 2:30 pm By Samantha Hurst  |  

  Synchrony  (NYSE: SYF) announced earlier this week it has reached a definitive agreement to acquire Allegro Credit, a provider of point-of-sale consumer financing for audiology products, dental services and musical instruments. According to Synchrony, Allegro Credit’s merchant network and customer base will join the health… Read More

December 14, 2020 @ 10:48 am By Samantha Hurst  |  

  DigitalMint, a U.S.-based Bitcoin point-of-sale provider, announced on Monday it has formed a strategic long-term partnership with Kerma Tech, a Southeast ATM operator, to provide consumers access to cryptocurrency across several states, including Georgia, Tennessee, and Indiana.  According to the DigitalMint, the initial launch with Kerma Tech calls… Read More

November 9, 2020 @ 8:29 am By JD Alois  |  

Purple Dot, a payment platform for fashion merchandisers that enables consumers to offer to purchase a product at below the retail recommended price, has raised a £1.3 million seed round. The funding was led by Connect Ventures. Other investors participating in the round include AI… Read More

October 7, 2020 @ 12:14 pm By Samantha Hurst  |  

  Dividend Finance Inc., a U.S.-based fintech that specializes in point-of-sale lending to solar and home improvement contractors, announced on Wednesday the launch of a new technology platform. Founded in 2013, Dividend claims it is a leading national provider of renewable energy and energy-efficient financing… Read More

September 14, 2020 @ 11:15 am By Samantha Hurst  |  

KodyPay, a UK-based mobile point of sale app and payment aggregator, announced on Monday it raised £1.8 million through its latest seed funding round. Founded in 2018, KodyPay describes itself as a new mobile point of sale platform and payment aggregator, enabling businesses to perform… Read More

September 8, 2020 @ 2:13 pm By Samantha Hurst  |  

Jifiti, a U.S.-based point of sale (POS) financing platform, announced on Tuesday it has joined forces with Mastercard to scale its point of sale installments offering to provide more options for consumers at checkout. Jifiti reported its platform is fully integrated using Mastercard’s Application Programming… Read More

July 20, 2020 @ 9:28 am By Samantha Hurst  |  

  DigitalMint, a U.S.-based Bitcoin point-of-sale provider, announced on Monday it has formed a partnership with Answers, Etc., a financial services software provider. DigitalMint reported that by integrating with Answers, Etc.’s financial service center point-of-sale system, Tier3, the collaboration will provide a “simple” way for… Read More

July 16, 2020 @ 10:25 pm By Samantha Hurst  |  

LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce,  announced on Wednesday the launch of its Lending Operating System (LOS), SDKn, which creates an instant consumer credit pre-approval platform for businesses of all sizes offering affordable financing options to the widest… Read More

July 13, 2020 @ 3:17 pm By Samantha Hurst  |  

Canada-based point-of-sale financing and payment tech provider Flexiti recently announced Memory Express, a leading retailer of computer products and services with 12 locations across Canada, has launched its omni-channel financing solution. Flexiti reported that with its buy now pay later solution, customers may apply for a… Read More

June 30, 2020 @ 2:05 pm By Samantha Hurst  |  

Singapore-based blockchain developer Pundi X announced on Tuesday its blockchain-based point-of-sale device, the XPOS, is now capable of supporting  PayPal (NASDAQ:PYPL). According to Pundi X, the XPOS has been providing scores of brick-and-mortar stores with an alternative payment method to cash by allowing them to… Read More

June 5, 2020 @ 3:33 pm By Samantha Hurst  |  

Canada-based point-of-sale financing and payment tech provider Flexiti recently announced it has teamed up with Visions Electronics, a retailer for electronics with locations across Canada, has launched its point-of-sale technology. Flexiti reported its financing solution is now available in all 43 retail locations in addition… Read More

April 10, 2020 @ 4:29 pm By Omar Faridi  |  

A group of Fintech firms are planning to create a hardware-free mobile point-of-sale (mPOS) system. The mobile-based payments system will process contactless payments made from Android devices. Germany-based Fintech companies CCV Group, Intertrust, Riscure, and Rubean have reportedly been working on the PhonePOS concept, in… Read More

March 10, 2020 @ 9:08 am By JD Alois  |  

Kreditech has rebranded to Monedo. The company is a point of sale (PoS) lender. The online lender claims to have over one million customers that have received more than 2 million loans. In a release, Monedo said it was looking to “further grow its position… Read More

February 26, 2020 @ 4:13 pm By JD Alois  |  

Klarna, a point of sale financing platform, has posted its financial report for full year 2019. According to the numbers, top line revenue rose to SEK 7.1 billion versus year prior of SEK 5.5 billion. The increase in revenue was joined by a net income… Read More

February 12, 2020 @ 3:42 pm By Samantha Hurst  |  

Global blockchain payments provider BitPay announced on Tuesday it has teamed up with open commerce platform Point to integrate its bitcoin and cryptocurrency payments with Poynt’s Smart Terminal point-of-sale devices.  The duo reported that with just the scan of a QR code at checkout, consumers… Read More

January 17, 2020 @ 9:53 pm By Samantha Hurst  |  

Payment processing platform Klarna announced earlier this week it has formed a new partnership with point-of-sale software brand, Vend. According to Klarna, the collaboration gives customers of boutique retailers more flexible payment options in-store across the UK. The roll out will later follow in the… Read More