New York based mobile point of sale startup has raised $65m in equity and debt financing led by Tribeca Venture Partners.
With small businesses across the U.S. accelerating their adoption of modern cloud-based point-of-sale and payment processing solutions, this latest round of investment affirms ShopKeep’s opportunity to expand its position as a leader in the space. As the company approaches its first profitable quarter, ShopKeep maintains its mission to build software that is highly intuitive and simple to use, yet powerful enough to serve as the core operating platform for small independent businesses. The company plans to use the new capital to fuel ongoing growth initiatives and to expand into additional business segments across a broader range of services and geography. Initiatives include expansion of its recently launched ShopKeep Capital service, which provides working capital funding for ShopKeep customers, extending the capabilities of the company’s new Android-based platform, as well as the exploration of international markets.