![]() ![]() Real-time synchronization between the POS system and inventory.No extra fee when using third-party payment gateways.Some of the most outstanding features of ConnectPOS are: ConnectPOS supports businesses to operate their online stores with a great omnichannel experience. It is available on many different eCommerce platforms, including BigCommerce, Magento, Shopify, WooCommerce and Commercetools. ![]() This increase came alongside a net loss that was double the company’s loss in Q4 2020.ConnectPOS is one of the leading point-of-sale providers with more than 2000 clients around the world. In fiscal Q4, Lightspeed generated revenue of $82.4 million, more than double its revenue during the same period last year. Lightspeed Restaurant is a unified hospitality commerce and POS platform that offers analytics, contactless payments, online ordering, inventory management capabilities, and more, which aim to give restaurateurs the ability to run smarter, more efficient restaurants amid pressures caused by COVID-19 and beyond. Like its updated e-commerce offering, that platform was the result of years of strategic acquisitions: ShopKeep, Upserve, and Vend. The Montréal TSX-listed Lightspeed also recently launched its restaurant product in North America. RELATED: A culmination of its acquisitions, Lightspeed brings revamped restaurant platform to North America This, and Lightspeed’s acquisition strategy to support it, has been “front and centre” since the company was listed on the New York Stock Exchange in September. To highlight the shift, Lightspeed even changed its official name from Lightspeed POS to Lightspeed Commerce.ĭasilva has been open about his intention to expand Lightspeed beyond its POS roots and make the most of the industry shift to omnichannel commerce. Over the last few years, Lightspeed has branched out beyond POS solutions into a number of verticals within the commerce space. “True modern commerce is meeting your buyers where they are, whether that’s on TikTok or Main Street.” “Commerce has evolved beyond a basic online store or a single-function POS,” said Dasilva. Ecwid had partnered with the social media platform before its acquisition to allow its clients to advertise their products on the app. The TikTok integration came through Lightspeed’s purchase of Ecwid, which closed October 1. Lightspeed eCommerce also includes a direct partnership with TikTok, allowing Lightspeed merchants to manage marketing through TikTok For Business Ads Manager. The suite of tools also has customer management features that Lightspeed claims can boost sales, such as abandoned cart recovery and customer communication tools. The startup developed Lightspeed eCommerce to offer merchants tools like advanced data, simple product ordering functionality, and streamlined access to suppliers. Lightspeed has launched a newly updated e-commerce product built on the integration of its acquisition of Ecwid.įounded in 2005 by Dax Dasilva, Lightspeed offers a cloud-based point-of-sale (POS) and commerce software, and has focused on creating an omnichannel experience to combine in-store and online for small businesses. Share on: Twitter LinkedIn Facebook Email ![]()
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