About POSaBIT
POSaBIT is a publicly listed company based in Seattle (United States) founded in 2015. POS software and hardware are provided for cannabis retailers. It operates in the Retail and Financial Services sectors. POSaBIT has raised $6.48 million across 11 funding rounds from investors including Digital Currency Group and Perga Capital Partners. The company has 45 employees. POSaBIT has completed 3 acquisitions, including Ample Organics, Leaf Data Systems and MJ Platform. Its website posabit.com draws about 59 thousand monthly visits. POSaBIT offers products and services including POSaBIT POS and POSaBIT Payments. Its focus areas include FinTech, Payments, Business Payments and Industry Specific. Its legal entity is POSABIT US, INC. Its competitors include Square, ShopKeep and Network Merchants; 3 of its 3 listed competitors have raised funding.
Company details
POSaBIT was founded in 2015 in Seattle, United States. Blockchain-based point-of-sale software and hardware are supplied to the cannabis and hospitality sectors. POS terminals are used for card and mobile payments. Retail POS systems support online ordering, integrated loyalty programs, debit payments, custom discounts, dashboards, and real-time reporting. A mobile POS solution is available for accessing product data, curbside pickup, and delivery operations.
- Headquarters Seattle, United States
- Employees 45
- Stage Public
- SectorsRetailFinancial Services
- Website category Finance · Investing
- Email••••••••
- Website posabit.com
- Social LinkedIn X Facebook Instagram
- Legal Name Posabit Systems Corp.
- Annual Revenue$10.21 M (USD)-33.2as on Dec 31, 2025
- Net Profit-$2.04 M (USD)64.38as on Dec 31, 2025
- EBITDA-$2.19 M (USD)55.42as on Dec 31, 2025
- Total Equity Funding$6.48M (USD)
in 11 rounds
- InvestorsDigital Currency Group
& 2 more
- Employee Count45
- Investments & AcquisitionsAmple Organics
& 2 more
Products & Services of POSaBIT
POSaBIT offers a comprehensive portfolio of products and services, including POSaBIT POS and POSaBIT Payments.
Software for managing cannabis retail operations and sales.
Secure payment solutions for cannabis transactions.
Apps and channels of POSaBIT
POSaBIT publishes 2 mobile apps with over 5K+ downloads.
Funding Insights of POSaBIT
POSaBIT has successfully raised a total of $6.48M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.48M
- Total Rounds 11
- First Round $129,579
(Mar 2016)
- Investors Count 2
Latest 10 of 11 funding rounds of POSaBIT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | Post-IPO | – | – | ||
| Jun 2022 | Post-IPO | – | – | – | |
| Feb 2021 | $2M | Post-IPO | – | – | – |
| Jan 2021 | $15,000 | Post-IPO | – | – | – |
| Nov 2020 | $1.04M | Post-IPO | – | – | – |
| Nov 2019 | $1.12M | Post-IPO | – | – | – |
| Aug 2019 | $903,989 | Post-IPO | – | – | – |
| May 2018 | $2.9M | Series A | – | – | – |
| Jun 2017 | $1.5M | Seed | – | – | |
| Dec 2016 | $1.95M | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in POSaBIT
POSaBIT has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Digital Currency Group and Perga Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic incubator focused on blockchain startups | 2015 | dcg.co | Stamford, United States |
Investor details for POSaBIT
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People of POSaBIT
13 people are tracked at POSaBIT (8 in leadership, 3 in board & advisors, 2 in team); the tracked headcount is 45.
| Name | Role | Group |
|---|---|---|
Ryan Hamlin | Ceo/co-founder | Leadership |
Andy Sweet | CTO | Leadership |
Oscar Dahl | Chief of Staff | Leadership |
Michael J. Sinnwell | Chief Product Officer | Leadership |
Chris Baker | Chief Operating Officer | Leadership |
Ian Neff | Regional Director of Sales | Leadership |
Tyson Garcia | Director Of Retail Sales | Leadership |
Lisa Straight | Strategic Account Director | Leadership |
Bruce Jaffe | Board Advisor | Board & advisors |
Mike Apker | Director | Board & advisors |
Don Tringali | Director | Board & advisors |
Nick Barbagallo | Account Executive | Team |
Kari Cross | Sales Executive | Team |
Complete people profiles for POSaBIT
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IPO & Listings of POSaBIT
POSaBIT is a publicly listed company on the CSE with ticker symbol PBIT in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date05 Apr 2019
- Listed onCSE: PBIT
- Listed entityPOSaBIT Systems Corp.
- Exchange sectorTechnology services
- ISINCA7373071082
- Share price0.07 CAD (-7.14% on the day) · 2026-10-13
- Market capitalisation10,540,952.00 CAD
- EPS (diluted, trailing year)-0.02 CAD
- Volume (last session)45,457
Financials of POSaBIT
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 14.0M CAD | -2.8M CAD | -3.0M CAD |
| 2024 | 20.9M CAD | -7.8M CAD | -6.7M CAD |
| 2023 | 58.8M CAD | -18.6M CAD | -13.9M CAD |
| 2022 | 60.9M CAD | 7.1M CAD | 6.8M CAD |
| 2021 | 26.2M CAD | -13.2M CAD | -2.5M CAD |
Detailed financial statements for POSaBIT
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- Statement rows
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- Downloads
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Investments & Acquisitions by POSaBIT
POSaBIT has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ample Organics, Leaf Data Systems and MJ Platform.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Track and trace software for marijuana regulators is provided. | leafdatasystems.com | Denver, United States | 2020 | Jan 2023 | •••• | |
ERP software is provided for the cannabis industry. | ampleorganics.com | Toronto, Canada | 2014 | Jan 2023 | •••• | |
Provider of solutions and consulting services to manage cannabis supply chain | mjplatform.com | Denver, United States | 2010 | Jan 2023 | •••• |
Complete acquisition details for POSaBIT
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- Exports
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Timeline of POSaBIT
7 dated milestones of POSaBIT across 8 years, from founding to its latest funding, stage changes and deals.
- Founded POSaBIT is founded.
- Funding First funding round of $130K.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Ample Organics.
- Acquisition Acquires Leaf Data Systems.
- Acquisition Acquires MJ Platform.
- Funding Latest funding round, Post-IPO,.
Competitors of POSaBIT
POSaBIT has 3 listed competitors in our database, 3 of them funded. They include Square, ShopKeep and Network Merchants.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| shopkeep.com | 2008 | New York, United States | $162.2M | 185 | Cloud-based point-of-sale software is provided for retailers and restaurants. | |
| nmi.com | 2001 | Roselle, United States | $54.18M | 113 | White-label payment gateways are built for global e-commerce transactions. |
Detailed competitors of POSaBIT
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- Full competitor set
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Web traffic of POSaBIT
The website of POSaBIT (posabit.com) receives about 58.6K visits a month and ranks #357,783 among all websites worldwide, #3,715 in Investing.
- Monthly visits58.6K
▼ 21.3% vs previous month
- Unique visitors8K
per month
- Global rank#357,783
among all websites
- Category rank#3,715
Finance · Investing
- Bounce rate28%
- Pages per visit11.0
- Average visit13 min 05 sec
- DevicesDesktop 72% · Mobile 28%
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as POSaBIT (Autonomous & In-Store Retail Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | 576 | ||
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | USD 24.19 B | 6,214 | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | 2,684 |
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Related news about Posabit
Complete news archive for POSaBIT
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Frequently Asked Questions about POSaBIT
POSaBIT was founded in 2015 and raised its 1st funding round 1 year after it was founded.
POSaBIT is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
POSaBIT is a funded company, having raised a total of $6.48M across 11 funding rounds to date. The company's 1st funding round was a Seed of $1.95M, raised on Mar 2016.
POSaBIT has 45 employees.
Annual revenue of POSaBIT is $10.21M as on Dec 31, 2025.
POSaBIT was founded in 2015 in Seattle, United States. Blockchain-based point-of-sale software and hardware are supplied to the cannabis and hospitality sectors. POS terminals are used for card and mobile payments. Retail POS systems support online ordering, integrated loyalty programs, debit payments, custom discounts, dashboards, and real-time reporting. A mobile POS solution is available for accessing product data, curbside pickup, and delivery operations.
POSaBIT's top competitors include Square, ShopKeep and Network Merchants.
POSaBIT offers POSaBIT POS and POSaBIT Payments.
Yes, POSaBIT is publicly traded on CSE under the ticker symbol PBIT.
POSaBIT has made 3 acquisitions, including Ample Organics, Leaf Data Systems, and MJ Platform.
POSaBIT has 2 investors. Key investors include Digital Currency Group, and Perga Capital Partners.
POSaBIT operates through Posabit Us, Inc..