Poynt investment sees the payment terminal provider raise $100m in a Series C funding round.
The group of investors include National Australia Bank and Elavon.
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With the capital, Poynt plans to expand into new geographies across Asia, Europe and South America.
The company also intends to increase its headcount and expand its product portfolio using the new investment.
Poynt founder and CEO Osama Bedier said: “Smartphones changed the way we search, buy and communicate — not only because the hardware was beautiful, but because iOS and Android transformed a ubiquitous utility into a platform for innovation where developers could build once and distribute everywhere.
“Our vision is to transform retail by becoming that innovation platform for payment terminals everywhere. We give developers a technical canvas to build the experiences merchants and their customers have come to expect – and ultimately, make visiting your local store the personal experience it was always meant to be.”
The latest investment brings the total capital raised by Poynt till date to $133m.
Poynt is also backed by Matrix Partners, Oak HC/FT Partners, Webb Investment Network, Nyca Partners, and Google Ventures.
Poynt offers a multi-purpose payment terminal device to run third-party apps as well as offers an open operating system to power smart payment terminals.
The company says it has shipped around 150,000 terminals in the past 16 months. The company expects its total payment volume to surpass $25bn next year.
