FT Partners Advises Poynt on its $100,000,000 Series C Financing
Overview of Transaction
- On November 13, 2018, Poynt announced its $100 million Series C financing with participation from strategic partners Elavon and National Australia Bank (NAB)
- This financing brings Poynt’s total funding to $133 million; existing investors include GV (Google Ventures), Matrix Partners, NYCA Partners, Oak HC/FT, Stanford-StartX Fund, and Webb Investment Network
- Headquartered in Palo Alto, CA, Poynt is a connected commerce platform empowering merchants with the technology to transform their businesses
- Poynt has re-imagined the ubiquitous payment terminal into a connected, multi-purpose device that runs third party apps; as smart terminals become mainstream, Poynt OS is an open operating system that can power any smart payment terminal worldwide, creating a new app economy for merchants
- Elavon, wholly owned by U.S. Bank, is a leading provider of end-to-end payment processing solutions and services to more than 1.3 million customers in the U.S., Europe, Canada, Mexico, and Puerto Rico
- NAB is Australia’s largest business bank with a large merchant customer base; NAB serves more than 9 million customers at more than 900 locations in Australia, New Zealand and around the world
Significance of Transaction
- This financing will enable Poynt to expand into new markets across Asia, Europe and South America, grow its talent base, and invest in product and partner development as the Company executes on its vision to become the operating system on smart terminals worldwide
FT Partners' Role
- FT Partners served as sole strategic and financial advisor to Poynt
- This transaction underscores FT Partners’ unparalleled track record in the Payments space and highlights the Firm’s strong capabilities in finding the right strategic investors for our clients worldwide