Stanford-StartX Fund is set to exit payment processing technology provider Poynt in an acquisition sized at up to $365m.
Poynt, a US-based payment processing technology developer backed by Stanford-StartX Fund, agreed to an acquisition worth $365m by domain registrar provider GoDaddy on Tuesday.
The deal consists of a $320m up-front cash payment and the possibility of up to $45m in milestone fees.
Founded in 2013, Poynt markets a payment processing operating system that adds merchant functionalities to smart payment card terminals through its software interface and third-party integrations. The company also supplies its own smart processing terminals.
