POS Manufacturers and Business Tool providers
YOCO | iZETTLE | CLIP | POS ROCKET
The businesses covered in this report are all providers of point of sale terminals that were born inside the last decade. They aim to provide what they generally call 'tools to run your business' and incorporate retail analytics and lending into their payment services. Their goal is to become the primary financial relationship with their customers. They represent a real threat to banks that hope to expand their SME businesses as their attention turns – often belatedly – to the underserved micro, small and medium business sector. These new players are becoming valuable businesses, with iZettle being acquired last year for $2.2 billion by PayPal, and Clip in line to become one of Mexico's first billion-dollar fintechs.