#SME #PayTech / SpotOn secures $60m Series C funding round from DST Global

SpotOn provides payments tools to merchants and small and medium-sized enterprises (SMEs). It also offers marketing, review systems, analytics, and custom-made loyalty schemes.

[Co-founder:] “SpotOn is committed to SMEs by providing them with the tools they need to thrive in any climate… We will continue to create innovative products and further our go-to-market approach to ensure merchants nationwide have access to the tools they need to run their businesses.”

SpotOn has offices in San Francisco, Chicago, Detroit, Mexico City, and Krakow. It employs more than 1,000 people.

The firm’s technology is powered by the TSYS payment platform. The two firms signed a multi-year exclusive deal in July 2019.