Poynt, a Palo Alto, California-based developer of a smart terminal, raised $28m in Series B venture capital funding.
The round was led by Oak HC/FT with participation from Stanford-StartX Fund and others. In conjunction with the funding, Ann Lamont of Oak HC/FT joined Poynt’s board.
The company intends to use the funds to accelerate manufacturing, grow the team, and scale operations.
Led by Osama Bedier, Founder & CEO, Poynt brings developers, distributors and merchants together on an open platform running on top of the Smart Terminal, a smart payment terminal and open commerce platform for merchants to get access to the tools and technology to manage their business.