SMB Payments Startup SpotOn Raises $50mn

SMB payments solutions startup SpotOn has raised a $50mn series B growth round from 01 Advisors, Dragoneer Investment Group, Franklin Templeton and EPIQ Capital Group; in addition to providing point of sale payments solutions the company offers marketing tools, appointment booking and loyalty services; “There are companies that build great products, and there are companies that build great sales teams, but it’s rare to find an organization that can do both,” said Dick Costolo, Managing Partner and Co-Founder of 01 Advisors, to TechCrunch. “ SpotOn has proven an unwavering commitment to building products that matter and getting them into the hands of businesses nationwide.”; the investment points to a growing ecosystem being created around small and medium sized businesses who for a long term were being neglected; companies like SpotOn has figured out how to service these companies with affordable products to make their businesses run smoother and provide them the tools they need to grow. TechCrunch

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