Swipely Manages One Billion Dollars in Annual Sales After One Year in Payments Market

Providence, RI (PRWEB) September 24, 2013

Swipely, the simple way for local merchants to accept payments, understand customers and grow revenue, announced today it is now managing over $ 1 billion in annual sales for merchants across 29 states, just one year since entering the payments space.

Swipely has doubled sales under management in the last four months, and expanded its platform support to more than 100 point-of-sale systems that merchants use every day, including market-leading Micros, Aloha and POSitouch. Swipelys business over the last four quarters has averaged an astounding 100% compound quarterly growth rate. Merchant customers are concentrated in several industries, including restaurants, liquor stores, salons and other independent retailers.

“Swipely turns the big data behind payments into actionable insights that local merchants value to understand customers and increase sales, without any new costs, said Angus Davis, founder and CEO of Swipely. “From this foundation, were growing our product into an operating system for local commerce that extends our market-leading payments and analytics service into valuable additional tools that help small businesses win.

Delivering What Local Merchants Want

Local merchants juggle many tools to manage their in-store operations, payments and online marketing. The typical Swipely merchant accepts more than one million dollars in annual credit card sales and wants to streamline the technology that owners, managers and staff use while getting better data to make smart decisions. With Swipely, merchants have one place to:

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