GoDaddy: Acquires Poynt

  • GoDaddy empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online
  • Acquires Poynt, Expands Commerce Services with Offline Sales and Integrated Payments
  • GoDaddy pay $320 million in cash at closing and $45 million in deferred cash payments subject to certain performance
  • The transaction expected to close in the first quarter of 2021, subject to the satisfaction of regulatory approvals
  • Poynt accelerates strategy to provide a complete suite of commerce and payment services to address this critical customer need
  • Poynt spent the past seven years building the most advanced connected commerce platform on the market
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Visa Strengthens Presence with Acquisition of Prisma Medios de Pago

Visa enhances its Latin American footprint by acquiring Prisma and NewPay.Highlights: Visa acquires Prisma Medios de Pago and...

Bank of Ireland UK Fined $3.7 Million for Delayed Anti-Fraud Tool Implementation

Regulator penalizes the bank for missing critical compliance deadlines.Highlights: Bank of Ireland UK fined $3.7 million by PRA.Penalty...

eBay Invests in TrueLayer, Strengthening Pay By Bank Initiative

The partnership aims to enhance direct bank transfers for eBay users.Highlights: eBay invests in TrueLayer to enhance payment...

Vestwell Doubles Valuation After $385 Million Series E Funding

U.S. savings platform Vestwell gains significant investment, boosting growth potential.Highlights: Vestwell raises $385 million in Series E funding.Valuation...