Massive space, with lots of players trying to disrupt at the same time... Poynt....has not even started to ship and added USD 28m extra funding
Poynt, the maker of new point-of-sale retail checkout terminals that can accept everything from old and new credit cards to mobile phone wallets, has raised an additional $28 million in funding so it can start shipping the product this quarter. Founded by Osama Bedier, the former head of Google GOOGL +5.29% Wallet and a former PayPal executive, Palo Alto-based Poynt has raised a total of $33 million, for a $188 million valuation. The round, announced today, was led by Oak HC/FT, a venture fund focused on health care and financial technology, along with Stanford-StartX Fund and previous investors Matrix Partners, Webb Investment Network, and Nyca Partners. Google Ventures is also an investor.