SpotOn Transact

SpotOn Transact

Payment processing and customer engagement solutions

About SpotOn Transact

Simplify's Rating
Why SpotOn Transact is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Consumer Software

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

Series F

Total Funding

$915M

Headquarters

San Francisco, California

Founded

2017

Overview

SpotOn Transact offers payment processing solutions tailored for small businesses, providing integrated customer engagement tools that help businesses get paid quickly and improve operational efficiency. Their technology platform simplifies business management and includes a consumer app that connects customers to merchants for deals and loyalty rewards. SpotOn stands out from competitors by combining powerful tools with 24/7 customer support. The company's goal is to empower small businesses to streamline payments and enhance customer engagement.

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Simplify's Take

What believers are saying

  • SpotOn's AI-enabled marketing tool boosts restaurant sales and guest visits.
  • The company's cloud-based POS systems offer flexibility and scalability for businesses.
  • SpotOn's focus on contactless payments aligns with growing consumer demand for convenience.

What critics are saying

  • SpotOn's focus on restaurants may limit appeal to other small business sectors.
  • Economic downturns could lead small businesses to cut software subscriptions, affecting revenue.
  • Rapid innovation may cause integration challenges for existing clients, disrupting operations.

What makes SpotOn Transact unique

  • SpotOn offers integrated customer engagement tools tailored for small businesses.
  • The company provides 24/7 exceptional customer service, enhancing client satisfaction.
  • SpotOn's consumer-facing app connects customers to merchants for deals and loyalty rewards.

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Funding

Total Funding

$915M

Above

Industry Average

Funded Over

7 Rounds

Series F funding comparison data is currently unavailable. We're working to provide this information soon!
Series F Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

RSUs

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

Phone/Internet Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

1%
Spoton
Apr 24th, 2025
SpotOn Launches "Knowledge + Community = Profit" to Spotlight Restaurant Success Ahead of the 2025 National Restaurant Show

San Francisco, CA - April 24, 2025 - SpotOn, a leading restaurant technology provider, is bringing its mission to life ahead of the 2025 National Restaurant Association Show with the launch of its boldest brand campaign yet: Knowledge + Community = Profit.

PR Newswire
Mar 3rd, 2025
Spoton 2025 Restaurant Business Report Outlines The Financial Gaps And Opportunities For Growth In Restaurants

SpotOn's latest report highlights economic pressures, pricing struggles, and funding challenges—and the strategies restaurants can use to thrive in a changing market.SAN FRANCISCO, March 3, 2025 /PRNewswire/ -- SpotOn, a leading software and payments partner for restaurants and small businesses, today unveiled its 2025 Restaurant Business Report, revealing the financial challenges restaurant operators face and the opportunities to strengthen their businesses. While economic pressures persist, the report highlights that with the right tools and insights, operators can take control of their financial future in 2025 to strengthen profitability and position their businesses for long-term success.SpotOn 2025 Restaurant Business Report Outlines the Financial Gaps and Opportunities for Growth in Restaurants SpotOn 2025 Restaurant Business Report Outlines the Financial Gaps and Opportunities for Growth in RestaurantsSpotOn worked with Penta to conduct a nationwide survey of 200 independent and chain restaurant operators to better understand the state of financial literacy among US operators in major markets including including Seattle, San Francisco, Los Angeles, Dallas, St. Louis, Chicago, New York, Pittsburgh, Washington DC, Miami, Denver, and Detroit.Key Findings from the 2025 SpotOn Financial Literacy ReportEconomic Pressures Are Rising : 93% of operators are concerned about the impact of rising interest rates on their business, while nearly 1 in 3 worry about financial stability in 2025. Independent operators feel the squeeze the most.: 93% of operators are concerned about the impact of rising interest rates on their business, while nearly 1 in 3 worry about financial stability in 2025. Independent operators feel the squeeze the most. Financial Systems Need an Overhaul : While 99% of operators agree that strong financial management is critical, 84% say their current systems need improvement, and nearly half admit they should spend more time on financial tracking but struggle to do so.: While 99% of operators agree that strong financial management is critical, 84% say their current systems need improvement, and nearly half admit they should spend more time on financial tracking but struggle to do so

Tifton CEO
Mar 1st, 2025
SpotOn 2025 Restaurant Business Report Outlines the Financial Gaps and Opportunities for Growth in Restaurants

SpotOn worked with Penta to conduct a nationwide survey of 200 independent and chain restaurant operators to better understand the state of financial literacy among US operators in major markets including including Seattle, San Francisco, Los Angeles, Dallas, St. Louis, Chicago, New York, Pittsburgh, Washington DC, Miami, Denver, and Detroit.

Finsmes
Dec 11th, 2024
Optimizing Restaurant Operations: A Guide To Streamlining Staff Scheduling

Photo by Elevate on UnsplashFor restaurants, efficient staff scheduling is not merely a logistical task but a critical component that directly influences their success. Effective scheduling ensures that the correct number of staff with appropriate skills are available at the proper times, aligning workforce capacity with customer demand. This alignment is essential for maintaining high service standards, controlling labor costs, and complying with labor regulations. Moreover, well-structured schedules contribute to employee satisfaction by providing clarity and predictability, reducing turnover rates, and enhancing overall morale. In an environment where operational efficiency and customer satisfaction are paramount, efficient staff scheduling through reliable employee scheduling software is a strategic imperative for restaurant owners and managers. The Challenges of Staff Scheduling in RestaurantsEffective staff scheduling in restaurants involves more than just filling shifts. Managers must consider various factors:Compliance with labor lawsRestaurants must adhere to federal and state labor regulations, including minimum wage laws, overtime provisions, and mandated break periods. Non-compliance can result in legal penalties and significant damage to the establishment’s reputation.Managing part-time workersPart-time employees often have varying availability, making it challenging to create consistent schedules that meet the business’s needs and employee preferences.Ensuring customer satisfactionUnderstaffing can lead to poor customer service, whereas overstaffing increases labor costs. Finding the right labor balance is crucial to maintaining service quality and profitability.Leveraging Technology for Efficient OperationsAdvancements in technology offer solutions to these challenges

PR Newswire
Dec 3rd, 2024
Spoton Unveils 2025 Predictions For The Restaurant Industry

Restaurants will rely on data-driven insights, AI, and redefined technology solutions to maximize profits, adapt to trends, and reclaim guest relationshipsSAN FRANCISCO, Dec. 3, 2024 /PRNewswire/ -- As the restaurant industry continues to face mounting pressures from rising costs, shifting consumer behaviors and sentiment, and the growing complexity of technology, SpotOn, a leading restaurant software and payments provider, reveals its 2025 predictions for independent restaurants. In the year ahead, operators will need to rethink their approach to technology, using it strategically to manage costs, improve efficiency, and stay ahead of industry challenges

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