Lightspeed

Lightspeed Financial Services Group and Score Priority Corporation Reach a Purchase Agreement for Lightspeed HFT Assets

Retrieved on: 
Wednesday, September 9, 2020

NEW YORK, Sept. 9, 2020 /PRNewswire-PRWeb/ --Lightspeed Financial Services Group (LFSG) and Score Priority Corporation (SPC) are pleased to announce an agreement for SPC's acquisition of Lightspeed's High Frequency Trading assets (Lime).

Key Points: 
  • NEW YORK, Sept. 9, 2020 /PRNewswire-PRWeb/ --Lightspeed Financial Services Group (LFSG) and Score Priority Corporation (SPC) are pleased to announce an agreement for SPC's acquisition of Lightspeed's High Frequency Trading assets (Lime).
  • Score Priority will absorb and leverage the Lime assets into its existing business lines and technological infrastructure.
  • Lightspeed Financial Group's CEO, Farid Naib, comments "Lightspeed is the home of professional traders.
  • Score Priority is a diverse financial services organization, offering a full suite of services for active retail, professional and institutional clients.

Lightspeed Announces Initial Public Offering in the United States

Retrieved on: 
Wednesday, September 9, 2020

MONTREAL, Sept. 9, 2020 /PRNewswire/ -Lightspeed POS Inc. ("Lightspeed" or the "Company") (TSX:LSPD) today announced the launch of a marketed public offering of Lightspeed's subordinate voting shares in the United States and Canada, representing Lightspeed's initial public offering in the United States.

Key Points: 
  • MONTREAL, Sept. 9, 2020 /PRNewswire/ -Lightspeed POS Inc. ("Lightspeed" or the "Company") (TSX:LSPD) today announced the launch of a marketed public offering of Lightspeed's subordinate voting shares in the United States and Canada, representing Lightspeed's initial public offering in the United States.
  • In connection with the initial public offering in the United States, Lightspeed has filed an application to list its subordinate voting shares on the New York Stock Exchange (the "NYSE") under the ticker "LSPD".
  • Trading of Lightspeed's subordinate voting shares is expected to commence on the NYSE following pricing of the offering.
  • The offering will be priced in the context of the market with the price and total size of the offering to be determined at the time of entering into an underwriting agreement for the offering.

Lightspeed Appoints Merline Saintil to its Board of Directors

Retrieved on: 
Thursday, September 3, 2020

Former Intuit executive and Silicon Valley veteran joins as Lightspeed spearheads the digital transformation of SMBs in the retail, hospitality, and golf industries

Key Points: 
  • Former Intuit executive and Silicon Valley veteran joins as Lightspeed spearheads the digital transformation of SMBs in the retail, hospitality, and golf industries
    MONTRAL, Sept. 3, 2020 /PRNewswire/ - Lightspeed (TSX: LSPD), a global commerce leader, today announced the appointment of internationally recognized technology and engineering leader Merline Saintil to its board of directors.
  • "It is an absolute privilege to have Merline Saintil join our board of directors and bring her experience in Silicon Valley to support our ambitious goals here at Lightspeed," said Dax Dasilva, Lightspeed founder and CEO.
  • During COVID-19, Lightspeed has shared industry knowledge through an online resource guide that continues to protect and serve SMBs.
  • Lightspeed (TSX: LSPD) powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries.

Finix Extends Series B to $75 Million to Help SaaS Companies Build Better Digital Payments Experiences

Retrieved on: 
Wednesday, August 26, 2020

SAN FRANCISCO, Aug. 26, 2020 /PRNewswire/ --Finix, the payments infrastructure company, has raised additional funding to help vertical Software-as-a-Service (SaaS) providers and fintech companies build better payments experiences for their merchants, bringing Finix's total funding to $96 million to date.

Key Points: 
  • SAN FRANCISCO, Aug. 26, 2020 /PRNewswire/ --Finix, the payments infrastructure company, has raised additional funding to help vertical Software-as-a-Service (SaaS) providers and fintech companies build better payments experiences for their merchants, bringing Finix's total funding to $96 million to date.
  • "Businesses everywhere are turning to digital payments and SaaS tools to manage the challenges and changes brought on by the pandemic.
  • The new capital allows us to bring in top-tier talent and more quickly pursue our goal of turning all software companies into payments companies."
  • Built by payments experts from Klarna, PayPal, and Worldpay, Finix is trusted by companies like Lightspeed POS Inc., Passport, and Clubessential to build and scale their payments infrastructure.

Lightspeed Launches eCom for Restaurants

Retrieved on: 
Tuesday, August 25, 2020

MONTRAL, Aug. 25, 2020 /PRNewswire/ - As restaurants adapt to evolving global regulations when it comes to foodservice, Lightspeed today announced the release of eCom for Restaurant .

Key Points: 
  • MONTRAL, Aug. 25, 2020 /PRNewswire/ - As restaurants adapt to evolving global regulations when it comes to foodservice, Lightspeed today announced the release of eCom for Restaurant .
  • Channeling this need for reinvention, Lightspeed has partnered with McGill University and Canada Post to re-imagine the hospitality industry of the future.
  • Businesses who use Lightspeed Restaurant and implement the Bon Appetit eCom template are better equipped to adapt to re-opening and the continuation of delivery and pick-up services.
  • Lightspeed (TSX: LSPD) powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries.

Lightspeed POS Inc. to Participate in Upcoming Virtual Investor Conferences

Retrieved on: 
Thursday, August 20, 2020

Lightspeed (TSX: LSPD) powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries.

Key Points: 
  • Lightspeed (TSX: LSPD) powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries.
  • With smart, scalable, and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the retail, hospitality, and golf industries.
  • Its product suite enables SMBs to sell across channels, manage operations, engage with consumers, accept payments, and ultimately grow their business.
  • Headquartered in Montreal, Canada, Lightspeed is trusted by favorite local businesses worldwide, where their communities go to shop and dine.

Lightspeed India raises $275 Million, to partner with bold founders building for India and from India for the world

Retrieved on: 
Tuesday, August 18, 2020

Lightspeed India Partners (Lightspeed) today announced the closing of Lightspeed India Partners III with $275 Million of committed capital.

Key Points: 
  • Lightspeed India Partners (Lightspeed) today announced the closing of Lightspeed India Partners III with $275 Million of committed capital.
  • Lightspeed has invested over $750 Million in India since inception in India and with this fund, Lightspeed will continue to partner and support bold entrepreneurs building for tomorrow, right from inception through growth stages.
  • Over the last few years, Lightspeed has expanded Lightspeed India Advisors partnership to six partners, based out of Delhi and Bengaluru.
  • Since 2007, Lightspeed India has backed entrepreneurs and helped build companies of tomorrow, including OYO, Byjus, Udaan and Sharechat.

Kentucky Department of Education Expands Partnership with Lightspeed Systems to Keep Remote Learners Safe Online

Retrieved on: 
Wednesday, August 12, 2020

Austin, TX, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Lightspeed Systems (Lightspeed or the Company), creator of the leading K-12 online safety and analytics solutions, today announced a groundbreaking, statewide partnership with the Kentucky Department of Education to implement their cloud-based Filter statewide across K-12 public schools.

Key Points: 
  • Austin, TX, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Lightspeed Systems (Lightspeed or the Company), creator of the leading K-12 online safety and analytics solutions, today announced a groundbreaking, statewide partnership with the Kentucky Department of Education to implement their cloud-based Filter statewide across K-12 public schools.
  • Through the partnership, the Lightspeed Filter will be available to almost a million students, teachers, and administrators across the state of Kentucky.
  • "With the transition to remote learning, we have a responsibility to provide schools with the most advanced tools available to keep students safe while using devices at home," said Chuck Austin, product manager for the Kentucky Department of Education.
  • The Kentucky Department of Education is ensuring ongoing safety, compliance, and reporting through distance, blended, and on-campus learning by shifting from the on-premise filtering appliances to the Lightspeed Systems cloud-based filtering platform.

Lightspeed Announces First Quarter 2021 Financial Results, Provides Outlook for Second Quarter

Retrieved on: 
Thursday, August 6, 2020

These factors combined to contribute to a record quarter of volumes processed by Lightspeed Payments, which continued its rapid growth trajectory.

Key Points: 
  • These factors combined to contribute to a record quarter of volumes processed by Lightspeed Payments, which continued its rapid growth trajectory.
  • All told, our customer base has been resilient, especially those businesses leveraging our omni solutions," said Chief Financial Officer, Brandon Nussey.
  • "Our solid first quarter execution positions us well to further capitalize on the global market opportunity in front of us."
  • When calculating the Adjusted EBITDAincluded in our financial outlook for second quarter 2021, we considered IFRS measures including revenues, direct cost of revenues, and operating expenses.

Lightspeed Capital Launches for U.S. Retail Customers

Retrieved on: 
Thursday, August 6, 2020

MONTREAL, Aug. 5, 2020 /PRNewswire/ - As the retail industry continues to adopt innovative solutions amidst the global pandemic, Lightspeed announces the initial availability of Lightspeed Capital , powered by Stripe .

Key Points: 
  • MONTREAL, Aug. 5, 2020 /PRNewswire/ - As the retail industry continues to adopt innovative solutions amidst the global pandemic, Lightspeed announces the initial availability of Lightspeed Capital , powered by Stripe .
  • It is available for retailers using Lightspeed Payments in the U.S. and provides financing of up to $50,000 USD per retail location.
  • "The introduction of Lightspeed Capital is one more tool to help them digitally transform their business and continue to outpace the industry."
  • With smart, scalable and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the retail, hospitality and golf industries.