About Effortless Money
Effortless Money is a company based in Olympia (United States) founded in 2003 was acquired by Lightspeed in July 2013.. Effortless Money offers products and services including Point of Sale, Payments, eCommerce, and Inventory Management. Effortless Money operates in a competitive market with competitors including Square, Clover, SpotOn, ShopKeep and Network Merchants, among others.
- Headquarter Olympia, United States
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Sectors
RetailFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lightspeed Commerce
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Lightspeed
(Jul 24, 2013)
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Products & Services of Effortless Money
Effortless Money offers a comprehensive portfolio of products and services, including Point of Sale, Payments, eCommerce, and Inventory Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages transactions and sales for retail businesses efficiently.
Handles secure payment processing for various business types.
Enables online storefronts and multichannel retail operations.
Tracks stock and optimizes supply chain for businesses.
Funding Insights of Effortless Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Effortless Money
Effortless Money has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Lightspeed HQ. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Cloud-based POS software is offered for restaurant and retail management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Effortless Money
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Effortless Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Effortless Money Comparisons
Competitors of Effortless Money
Effortless Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Square, Clover, SpotOn, ShopKeep and Network Merchants, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| domain | founded_year | HQ Location |
White-label payment gateways are built for global e-commerce transactions.
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| domain | founded_year | HQ Location |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Effortless Money
When was Effortless Money founded?
Effortless Money was founded in 2003.
Where is Effortless Money located?
Effortless Money is headquartered in Olympia, United States. It is registered at Olympia, Washington, United States.
What does Effortless Money do?
Founded in 2003 and based in Olympia, United States, Effortless Money operates in the retail technology sector. Cloud-based point-of-sale solutions are provided through the domain merchantos.com, with systems tailored for independent businesses. Retail operations are supported via these tools, focusing on payment processing and inventory management across various locations in the United States.
Who are the top competitors of Effortless Money?
What products or services does Effortless Money offer?
Effortless Money offers Point of Sale, Payments, eCommerce, and Inventory Management.
Who are Effortless Money's investors?
Effortless Money has 1 investor. Key investors include Lightspeed HQ.