Payment Solution Startup SpotOn Raises $60Million Series C To Support SMB Growth

SpotOn Transact, a software and payments company for small and medium-sized businesses, secured $60 million in Series C funding just six months after announcing its $50 million Series B investment.

SpotOn focuses on the retail, services, and restaurant industries. These were some of the hardest-hit sectors of the COVID-19 pandemic and led many to become more technologically savvy. A 3-year-old company saw an increase in demand for its products specifically designed for appointments, e-commerce, online ordering, and reservation management. In addition, SpotOn helps clients with marketing, website development, omnichannel payments, and point-of-sale.

They collect customer contact information and accept payments to your way, at the counter, or wherever customers are with our flexible hybrid POS terminal. The SpotOn designed lightning-fast POS accept all modes of payments including credit/debit cards, mobile pay, and gift cards. These kinds of payment systems may boost your business and ease the payment system.