About POSaBIT
POSaBIT is a company based in Seattle (United States) founded in 2015.. 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 as of December 31, 2024. POSaBIT has completed 3 acquisitions, including Ample Organics, Leaf Data Systems and MJ Platform. POSaBIT offers products and services including POSaBIT POS and POSaBIT Payments. POSaBIT operates in a competitive market with competitors including Square, ShopKeep, Network Merchants, Clover and SpotOn, among others.
- Headquarter Seattle, United States
- Employees 45 as on 31 Dec, 2024
- Stage Public
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Sectors
RetailFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Posabit Systems Corp.
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Annual Revenue
$14.54 M (USD)-64.42as on Dec 31, 2024
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Net Profit
$-5.44 M (USD)57.83as on Dec 31, 2024
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EBITDA
$-4.68 M (USD)51.44as on Dec 31, 2024
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Total Equity Funding
$6.48 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Digital Currency Group
& 2 more
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Employee Count
45
as on Dec 31, 2024
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Investments & Acquisitions
Ample Organics
& 2 more
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Acquired by
N/A
(Jun 07, 2018)
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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.
Products & Services of POSaBIT
POSaBIT offers a comprehensive portfolio of products and services, including POSaBIT POS and POSaBIT Payments. 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.
Software for managing cannabis retail operations and sales.
Secure payment solutions for cannabis transactions.
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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 Total Funding
- Total Rounds 11
- Last Round Last Round
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First Round
First Round
(04 Mar 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Post-IPO - POSaBIT | Valuation |
investors |
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| Jun, 2022 | Amount | Post-IPO - POSaBIT | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - POSaBIT | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 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. 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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Founded Year | Domain | Location | |
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Sector-agnostic incubator focused on blockchain startups
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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
|
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 POSaBIT
POSaBIT has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ample Organics, Leaf Data Systems and MJ Platform. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Track and trace software for marijuana regulators is provided.
|
2020 | ||||
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ERP software is provided for the cannabis industry.
|
2014 | ||||
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Provider of solutions and consulting services to manage cannabis supply chain
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - POSaBIT
| 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 |
Posabit Comparisons
Competitors of POSaBIT
POSaBIT 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, ShopKeep, Network Merchants, Clover and SpotOn, 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 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 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Posabit
Frequently Asked Questions about POSaBIT
When was POSaBIT founded?
POSaBIT was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is POSaBIT located?
POSaBIT is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is POSaBIT a funded company?
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 Post-IPO of $2M, raised on Mar 04, 2016.
How many employees does POSaBIT have?
As of Dec 31, 2024, the latest employee count at POSaBIT is 45.
What is the annual revenue of POSaBIT?
Annual revenue of POSaBIT is $14.54M as on Dec 31, 2024.
What does POSaBIT do?
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.
Who are the top competitors of POSaBIT?
What products or services does POSaBIT offer?
POSaBIT offers POSaBIT POS and POSaBIT Payments.
Is POSaBIT publicly traded?
Yes, POSaBIT is publicly traded on CSE under the ticker symbol PBIT.
How many acquisitions has POSaBIT made?
POSaBIT has made 3 acquisitions, including Ample Organics, Leaf Data Systems, and MJ Platform.
Who are POSaBIT's investors?
POSaBIT has 2 investors. Key investors include Digital Currency Group, and Perga Capital Partners.
What is POSaBIT's ticker symbol?
The ticker symbol of POSaBIT is PBIT on CSE.
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