About POSRocket
POSRocket is a company based in Amman (Jordan) founded in 2016 was acquired by Foodics in January 2022. POSRocket has raised $7.15 million across 3 funding rounds from investors including Foodics, Jabbar and Finance in Motion. The company has 62 employees as of June 30, 2019. POSRocket operates in a competitive market with competitors including Square, SpotOn, Clover, Clip and SumUp, among others.
- Headquarter Amman, Jordan
- Employees 62 as on 30 Jun, 2019
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Sectors
RetailFinancial Services
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People of POSRocket
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Leadership Team
1 people
Software Development Team
1 people
Front Team
1 people
Finance and Accounting
1 people
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Funding Insights of POSRocket
POSRocket has successfully raised a total of $7.15M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in August 2021. 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 POSRocket
POSRocket has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Foodics, Jabbar and Finance in Motion.
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Algebra Ventures is recognized as a leading venture capital firm based in Egypt, focused on tech investments across Africa.
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Venture capital investments are made in promising startups.
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Investor details for POSRocket
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Investments & Acquisitions by POSRocket
Investment portfolio details for POSRocket
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Financial Statements - POSRocket
Detailed financials for POSRocket
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Posrocket Comparisons
Peer comparison for POSRocket
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Competitors of POSRocket
POSRocket 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, SpotOn, Clover, Clip and SumUp, among others.
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POS solutions are provided for retail businesses.
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Provider of cloud-based POS software solutions for businesses and service providers
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Cloud-based mPOS system for small business operations is offered.
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POS solutions are provided to offline retailers via mobile devices.
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Provider of mPOS solution and card reader for offline retailers
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Cloud-based point-of-sale software is provided for retailers and restaurants.
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Detailed competitors of POSRocket
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Latest news on Posrocket
Complete news archive for POSRocket
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Frequently Asked Questions about POSRocket
POSRocket was founded in 2016 and raised its 1st funding round 1 year after it was founded.
POSRocket is headquartered in Amman, Jordan.
Ahmad Alzaini is the current CEO of POSRocket.
POSRocket is a funded company, having raised a total of $7.15M across 3 funding rounds to date.
As of Jun 30, 2019, the latest employee count at POSRocket is 62.
POSRocket was founded in 2016 in Amman, Jordan, focusing on the retail technology sector. Cloud-based point-of-sale software and hardware solutions are delivered to offline retailers. Core features encompass order and inventory management, accounting, CRM, employee management, reporting, and analytics. iPad-compatible POS systems and peripherals such as cash drawers, printers, and barcode scanners are offered. Services extend to sectors like restaurants, bars, retail stores, salons, and spas.
POSRocket has 14 investors. Key investors include Foodics, Jabbar, Finance in Motion, Financial Horizons Group, and Algebra Ventures.