SpotOn

SpotOn is a United States-based software and payment processing company that provides integrated point-of-sale systems and business management solutions primarily for restaurants, retail businesses, and small to midsize enterprises. Founded in 2017 by Doron Friedman, Matt Hyman, and Zach Hyman, the company is headquartered in San Francisco, California. SpotOn offers a comprehensive platform that combines payment processing with operational tools including POS systems, online ordering, reservation management, labor scheduling, payroll administration, loyalty programs, marketing tools, and customer review management. The company competes directly with major payment processors like Block (formerly Square) and Toast in the hospitality technology sector. SpotOn has raised significant venture capital funding, achieving a valuation of $3.6 billion in its Series F round in May 2022, with backing from investors including Dragoneer Investment Group, Andreessen Horowitz, DST Global, and Franklin Templeton. The company reported 100% year-over-year annual recurring revenue growth in 2021. While SpotOn's primary market is the United States, the company operates internationally with presence in Mexico and Poland, where it maintains operations centers and employs technical support and development staff. SpotOn Transact, LLC is registered as a partner/ISO of Merrick Bank, Wells Fargo Bank, and Elavon Inc. The company provides 24/7 customer support and positions itself as offering transparent pricing without hidden fees, though it uses custom pricing models negotiated through its sales team.