New Zealand-based online point-of-sale software vendor Vend has scored US$20 million in a funding round led by PayPal co-founder Peter Thiel's Valar Ventures and Square Peg Capital.
One would expect Square and PayPal, with their deep pockets, to have a firmer grip on that market in the US... Goes to show that "competitive analysis" is a black art (at best)...
What we like about Vend is the fact that retailers of all types can esily track and manage inventory.
As the information is in the cloud, it would be easy to indirectly link that detail to each transaction.
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