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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- 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
Not available
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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.
Software for managing cannabis retail operations and sales.
Secure payment solutions for cannabis transactions.
People of POSaBIT
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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.
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 |
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Sector-agnostic incubator focused on blockchain startups
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Locked | Locked | Locked |
Investor details for POSaBIT
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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.
Investment portfolio details for POSaBIT
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Track and trace software for marijuana regulators is provided.
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Locked | Locked | 2020 | Locked | |
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ERP software is provided for the cannabis industry.
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Locked | Locked | 2014 | Locked | |
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Provider of solutions and consulting services to manage cannabis supply chain
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Locked | Locked | 2010 | Locked |
Complete acquisition details for POSaBIT
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Financial Statements - POSaBIT
Detailed financials for POSaBIT
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Posabit Comparisons
Peer comparison for POSaBIT
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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POS solutions are provided for retail businesses.
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| Locked | Locked | Locked |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| Locked | Locked | Locked |
White-label payment gateways are built for global e-commerce transactions.
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| Locked | Locked | Locked |
Cloud-based mPOS system for small business operations is offered.
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| Locked | Locked | Locked |
Provider of cloud-based POS software solutions for businesses and service providers
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Detailed competitors of POSaBIT
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Latest news on 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.
As of Dec 31, 2024, the latest employee count at POSaBIT is 45.
Annual revenue of POSaBIT is $14.54M as on Dec 31, 2024.
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 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.
The ticker symbol of POSaBIT is PBIT on CSE.