26 October 2014

Swipely raises $20m funding

29 May 2014  |  3205 views  |  0 cash

Payments and customer analytics startup Swipely has raised $20 million in a series c funding round led by Pritzker Group Venture Capital.

The round was also joined by existing investors First Round Capital, Index Ventures and Shasta Ventures, and takes the Rhode Island-based firm's total financing to $40.5 million.

Earlier this month Swipely revealed that it is now managing over $2 billion in sales for its retail and restaurant clients through its cloud-based platform.

The company's key selling point is its analytics capabilities which help clients manage customer relationships, measure staff performance, optimise menu selections and monitor online reviews.

The system is designed to cut time wasted in spreadsheets and searching for information by integrating data across the payment network, point-of-sale and the social Web in one place.

The new money will be used to attract more clients and build up Swipely's team, which currently stands at 100 employees.

Angus Davis, CEO, Swipely, says: "Success at Swipely begins with our growing team of people who are determined to help our customers succeed. Together we are building an online operating system for local commerce, changing the way small businesses operate and grow with data."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

11 May, 2010

Related company news

 

Featured job

to £80k base, double OTE, stock options
London, UK or Germany / Austria / Switzerland

Find your next job