Shopkeep lightspeed8/30/2023 ![]() ![]() Listen to this interview with Lightspeed CEO Dax Silva on CJAD 800 Radio. Every day, 11 of your MasterCard and Visa batch will be split and sent to Lightspeed Retail, and you will receive 89 in your bank, until the full balance is remitted. Revenue in what was the digital payment technology firm's second quarter totalled US$45.5 million, up from US$28 million in the same quarter a year ago. If approved for Capital as a ShopKeep Payments by Lightspeed merchant: You will receive funds in your ShopKeep Payments by Lightspeed bank account within 2 business days. 30 compared with a loss of US$10.1 million or 12 cents per share in the same quarter last year. dollars, reported a loss of US$19.5 million or 20 cents per share for the quarter ended Sept. The announcement came as Lightspeed, which keeps its books in U.S. The agreement, which is subject to customary closing conditions, is expected to close by the end of the company's quarter ending Dec. Under the deal, Lightspeed will pay US$145.2 million in cash and issue 9.5 million subordinate voting shares. ShopKeep helps businesses accept any type of payment and provides automatic inventory tracking, employee management and real time sales reporting. “ShopKeep’s commitment to enabling independent businesses to dream big and rise above industry and economic challenges is deeply aligned with our own mission to power the future of commerce,” said Lightspeed CEO Dax Dasilva.Lightspeed POS Inc. The software also works with third-party platforms for additional marketing, customer loyalty, and employee management capabilities. ![]() Its cloud-based software lets businesses manage inventory and marketing, monitor sales, manage employees, and process payments. Lightspeed eCom (E) Sell your products online and sync inventory with BackOffice. Mailchimp Send mass emails to customers on your Customer List. Lightspeed offers specialized point-of-sale systems for restaurants, retail, and e-commerce operations. There are a few different integrations that add powerful features to help you manage your business: QuickBooks Sync your sales and returns to QuickBooks Online. Both Lightspeed and ShopKeep develop POS technology for small and medium sized businesses, with portfolios geared toward retailers and restaurants. Lightspeed said the acquisition will accelerate its growth as an emerging category leader following its recent initial public offering. Point-of-sale vendor Lightspeed is acquiring rival ShopKeep in a $440 million deal that signals further consolidation in the industry. The following excerpt from a ZDNet article reports more on the topic: This deal will bulk up the size of Lightspeed and provide more competition to big players such as Fiserv’s Clover and also Square. ShopKeep’s software solutions add business tool features helping shop owners with operational details such as data analytics and inventory management. Payment Processing Operational BackOffice Operational Operational Support Operational Integrations Operational 60 days ago 99.97 uptime Today Past Incidents No incidents reported today. ShopKeep’s sweet spot is the small to medium retail and restaurant sector that uses its iPad-based checkout system. Lightspeed Retail POS (S-Series) Uptime over the past 60 days. It easily integrates with many Apple products and allows. ![]() The latest finds Lightspeed acquiring ShopKeep in a medium-sized deal that combines two players in the retail POS market. ShopKeep is a popular and comprehensive point of sale system that can be used by almost any business. See detailed sales reports and customer data to always have a handle on your retail performance. Designed with a modern and sleek interface that’s as beautiful as your store, Lightspeed Retail lets you run your business right from your iPad. Payments industry M&A activity marches on. Lightspeed Retail POS (S) is a powerful and intuitive iPad point of sale system for retail. ![]()
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