ShopKeep has snagged another $60 million in Series D funding, led by investor Activant Capital. The Company says it plans to use this injection of capital to aggressively grow its overall US customer base, strengthen industry partnerships, and launch international operations, starting with the UK this month.
Steve Sarracino, founder of Activant Capital, will be joining ShopKeep’s board of directors as a result of this investment. Founded by a successful small business owner, ShopKeep has raised $97.2M in funding to date.
This funding comes at a pivotal time, particularly as the payments community prepares for the EMV liability shift this fall.
In 2015, the company has already experienced substantial growth, including:
• the strategic acquisition of Payment Revolution and subsequent launch of ShopKeep Payments, a customizable, contract-free payment solution for merchants seeking one centralized system;
• 2.4X YoY growth (monthly recurring revenue) through June 2015;
• and more than $6bn in transactions processed through ShopKeep’s network in the past year.
ShopKeep provides an intuitive, secure, iPad-based point-of-sale system and empowers merchants to run smarter businesses by optimizing staffing, regulating inventory and accessing sales reports and customer information on one seamless, cloud-based platform. With more than 18,000 customers, ShopKeep’s award-winning customer care team is available to help 24/7 and provide a robust support network for growing business owners. ShopKeep was founded in 2008 and is headquartered in New York, with offices in Portland, Chicago, Washington, D.C., Belfast and London.
For data, background and forecasts on ShopKeep: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 payments metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
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