Swipely, the simple way for local merchants to accept payments, understand customers and grow revenue, announced today it is now managing over $1 billion in annual sales for merchants across 29 states, just one year since entering the payments space.
Swipely has doubled sales under management in the last four months, and expanded its platform support to more than 100 point-of-sale systems that merchants use every day, including market-leading Micros, Aloha and POSitouch. Swipely's business over the last four quarters has averaged an astounding 100% compound quarterly growth rate. Merchant customers are concentrated in several industries, including restaurants, liquor stores, salons and other independent retailers.
"Swipely turns the big data behind payments into actionable insights that local merchants value to understand customers and increase sales, without any new costs," said Angus Davis, founder and CEO of Swipely. "From this foundation, we're growing our product into an operating system for local commerce that extends our market-leading payments and analytics service into valuable additional tools that help small businesses win."
Delivering What Local Merchants Want
Local merchants juggle many tools to manage their in-store operations, payments and online marketing. The typical Swipely merchant accepts more than one million dollars in annual credit card sales and wants to streamline the technology that owners, managers and staff use while getting better data to make smart decisions. With Swipely, merchants have one place to:
-Make more money by understanding trends across nearly 4 million customers to provide better service and offers
-Optimize marketing spend by measuring how marketing campaigns impact on offline sales and repeat business
-Save time each week by managing their online reputation across Facebook, Twitter, Google, Yelp, OpenTable and other social sites
-Increase repeat business and revenue by offering consumers turn-key, branded loyalty rewards programs
Swipely is a good fit for local merchants that want to better understand customers and grow sales without changing their point-of-sale system.
Swipely Partner Network Expands Ecosystem, Accelerates Growth
Local merchants enjoy trusted relationships with many finance, marketing, operations, IT and HR service providers. Today Swipely is launching the Swipely Partner Network to accelerate growth and partner with these experts to help local merchants succeed. The Swipely Partner Network is a channel partner program that enables companies serving business owners to differentiate technology offerings, increase revenue, reduce churn and take advantage of the latest marketing and sales tools. More than 50 companies have already joined the Swipely Partner Network, including value-added resellers, independent software vendors, marketing consultants, and professional service providers, among others.