Punchey, a Boston, MA-based company that helps local businesses get discovered and get paid, has raised $1.7m in funding from Stevens Ventures.
The company also launched its end-to-end payments platform, which enables small and mid-sized businesses and consumers to securely conduct transactions on a mobile device, on the Web or at the store counter.
Founded by Nathaniel Stevens, Punchey offers physical card readers that allow merchants to swipe credit cards and handle customer checkout. The Punchey Mobile Card Reader authorizes sales, captures signatures and sends digital receipts to customers. It is compatible on any iOS device and connects through Wi-Fi or a 3G/4G connection.
The company, which also offers the Punchey Countertop Card Reader, which is compatible with the PCs and Macs, already works with more than a dozen clients spanning multiple geographies and industries. It also provides a retention program that enables merchants to automatically create accounts for each customer and populate them with personalized rewards, special offers and communications, providing additional post-sale engagement opportunities.
Punchey is currently hiring (https://www.punchey.com/careers).