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

New York Finalizes BNPL Rules to Strengthen Consumer Protections

New regulations aim to enhance transparency in buy now, pay later services.Highlights: New York's final regulations for BNPL...

Visa Accelerates AI Leadership in Payment Industry Race

Visa's push for AI supremacy shapes the future of financial technology.Highlights: Visa increases investment in AI technology.The payment...

Tokenization Set to Transform Financial Services Industry, Survey Finds

New survey highlights the rising importance of tokenization in finance.Highlights: A new survey shows rising interest in tokenization...

New Dataset Launch Strengthens UK Financial RegTech Sector

A comprehensive tool for mapping the UK RegTech landscape has been unveiled.Highlights: A new dataset has been launched...