March 11 - 17:03
Payments firm SpotOn raises $50 million
SpotOn, the payments startup which specialises in PoS solutions, has raised $50 million for new product development. The firm has enjoyed a 150% surge in revenues over the past 12 months and this year alone it has added 5,000 customers. Among the investors is 01 Advisors, made up of a trio of former Twitter executives. Less than a year ago, SpotOn raised $40 million in a Series A funding round.
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