TallOrder, a South African point-of-sale startup, has raised an additional $3.1 million in Collection A funding
TallOrder, a South African startup creating superior cloud-based level of sale (POS) options for small and medium-sized companies (SMBs), has raised a further US$3.1 million in Collection A funding to increase operations and product improvement.
Present buyers, together with Investec Non-public Capital, in addition to a consortium led by Africa-focused fintech funding agency Nurture Funding Administration, participated within the newest funding spherical.
TallOrder has now raised a complete of US$5.3 million in funding.
TallOrder’s point-of-sale platform, launched in 2014, is suitable with outstanding fee companies equivalent to SnapScan, Zapper, MasterPass, Yoco, ThumbzUp, MTN MoMo, Innervation, African Resonance, NetCash, DPO, and PayFast.
“Creating a robust, feature-rich, and broadly adaptable cloud POS answer requires important improvement effort, each financially and time-wise. Traders have been desperate to put money into the following era of cloud-based point-of-sale programs, owing to the large worldwide market and big development prospects,” said Dana Buys, CEO, and co-founder of TallOrder.
“We’re thrilled to make this massive funding alongside Dana and the prevailing shareholders in what we really feel is a category-defining software-as-a-service firm. We stay up for helping TallOrder’s African and finally world growth over the approaching few years,” stated Tatenda Mutizwa, co-founder and managing companion of Nurture.
There are numerous companies in South Africa and different African and Asian international locations the place the startup has been arrange.
The startup now plans to develop much more after getting extra funds in its first spherical of funding.
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