DST Global backs SpotOn Transact in major funding round
US-based PayTech venture SpotOn Transact has wrapped a $60 million Series C funding round.
This was led by DST Global, with participation from existing investors including Dragoneer Investment Group and Franklin Templeton. It follows a $50 million Series B funding announcement in March.
"We're excited to partner with the SpotOn founders and management team in their vision of empowering small businesses by offering a suite of integrated payments and software products at low transparent prices,” says Rahul Mehta, Managing Partner at DST Global.
"We're very impressed with their quality of execution, product cadence and customer centric approach in these unprecedented times.”
“We’re committed to SMBs by providing them with the tools they need to thrive in any climate,” comments Matt Hyman, Co-founder, SpotOn.
“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. This fundraise, and partnering with a firm like DST Global, allows us to accelerate our pursuit of that goal.”
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