![]() ![]() ![]() Lightspeed was founded in 2005 in Canada (the company has a dual listing, on New York and Toronto Stock Exchanges), but since then has become a truly global business (organically and, as noted earlier, through masterful acquisitions). The company targets primarily “sophisticated” small and medium-sized businesses, and at the end of Fiscal 2022 (end of March 2022), 63% of the customers represented retail merchants, while 37% represented hospitality businesses. For example, Fiscal 2022 means the period from Q2 2021 to Q1 2022. Please note that the company’s fiscal year ends on March 31. ![]() I guess, there are many exciting things ahead for Lightspeed, so let’s learn more about this company! Last year, Lightspeed announced acquisitions of Ecwid and NuOrder (spending a total of $925 million), as well as raised $823 million in additional capital through a public offering. it entered the hospitality segment by acquiring a Belgian startup POSIOS, added e-commerce capabilities by acquiring a Dutch startup SEOshop, and grew internationally through the acquisitions of ShopKeep and Vend. Founded in 2005 in Canada, the company masterfully expanded through acquisitions : i.e. Lightspeed Commerce serves more than 300,000 small and medium-sized companies in the hospitality and retail segments and operates in more than 100 countries. Today I would like to profile Lightspeed Commerce (NYSE: LSPD, TSX: LSPD). They might have started as pure software vendors, but, over time, started offering payment processing and working capital solutions. These companies target different customer segments and geographies, but they all have one thing in common: financial services are important drivers of their revenue growth. To try OnSite POS, simply install the app along with the the 30-day Lightspeed OnSite demo available on our website.Last week I profiled five companies offering Point-of-Sale (POS) solutions, including Square, Toast, Lightspeed Commerce, Shift4 Payments, and Shopify (you can read the update by following the link □□ “ Fintech companies powering "in real life" commerce ”). OnSite POS is compatible with the iDynamo (via Merchant Warehouse and Axia) and uDynamo (via Merchant Warehouse) credit card swipes, Infinea Tab integrated credit card swipe and barcode scanner, and compatible payment terminals for credit and debit transactions (including Merchant Warehouse Genius and the Moneris IPP320). Purchase Lightspeed licenses from Lightspeed or from your local Lightspeed reseller. For example: A 5-user Lightspeed server can allow concurrent logins from up to 5 Mac or iPad clients at one time. Lightspeed OnSite 3.7.6 or higher with 1 available user license for each iPad client. An iPad or iPad Mini running iOS 8.0 or higher Combined with Lightspeed OnSite's back-end retail management features like purchasing and reporting, Lightspeed is a complete family of retail tools. Process credit card payments anywhere the iPad takes you, accept signatures on-screen, and email or wirelessly print receipts. Outfit your team with this interactive sales tool and start showing your stuff.Ĭonnect to a Lightspeed OnSite database and create new invoices, search for products, enter customer information and perform inventory lookups anywhere in the store. Switch between showcasing and selling seamlessly, invoicing any product in Show & Tell with a single tap. OnSite POS features Show & Tell, allowing sales reps to use iPad to share expanded product details and up to five zoomed images on a stylish curtained backdrop. OnSite POS is retail's first interactive point of sale system, combining next-level personalized selling with inventory scanning, wireless payments and the powerful retail workflows of Lightspeed. OnSite POS brings the Lightspeed OnSite point of sale experience to Apple's acclaimed tablet platform, allowing retailers to showcase their products with Show & Tell and process transactions anywhere. ![]()
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