London-based fintech myPOS has announced its acquisition of Toporder, a French cash register company, marking its first acquisition. This move is designed to bolster myPOS’s position in the French retail, food, and beverage sectors, offering integrated solutions that enhance efficiency and streamline merchant operations.
Strategic Expansion
- myPOS’s Services: With over 500 employees, myPOS provides payment, account, and card solutions for small merchants and sole traders, now complemented by Toporder’s expertise in cash register systems.
- Enhanced Offerings: The acquisition allows myPOS to integrate payment systems with tools like inventory management, accounting, and statistical analysis tailored for the French market.
Leadership Perspective
myPOS CEO Mario Shiliashki stated:
“France is one of our most dynamic markets, and this acquisition will help us expand the business of our clients by offering top-tier technology. We’re excited to welcome Toporder to the myPOS group and together deliver solutions that save time and money, enabling merchants to focus on what matters most – growing their business.”
Toporder: A Proven Player
- Founded in Lyon, 2019: The firm serves over 700 clients across France with robust tools like inventory and customer database management.
- Focus on Merchants: Toporder specializes in delivering solutions that drive operational efficiency for businesses in various sectors.
Background and Impact
- Advent International Connection: myPOS’s growth trajectory has accelerated since its acquisition by Advent International last year.
- Current Reach: myPOS supports around 170,000 merchants across Europe in sectors including food, retail, professional services, and transportation.