SpotOn: Raised $40 million in a funding round

SpotOn: Raised $40 million in a funding round

SpotOn: San Francisco-based SME payments firm, raised $40 mn funding led by Franklin Templeton

  • Dragoneer Investment Group also participated significantly in the round
  • This funding used to accelerate its momentum and fuel its expansion into new markets
  • It aims to expand its payments offering to the underserved American SME community
  • They expects to add an additional 100 employees in its high-growth SpotOn Restaurant division
  • SpotOn integrates payments capabilities, redefining how SMBs operate
  • SpotOn’s products include POS solutions, custom websites and review management