SpotOn Transact

SpotOn Transact (“SpotOn”) is a cutting-edge payments and software company redefining the merchant services industry.

SpotOn brings together payment processing and a robust software solution, giving merchants richer data and tools that empower them to market more effectively to their customers.

SpotOn was co-founded in 2017 by Matthew Hyman, Zachary Hyman, and Doron Friedman. The company is headquartered in San Francisco, California, with offices in Greenwood Village, Colorado; Chicago, Illinois; Southfield, Michigan; Mexico City, Mexico and Kraków, Poland.

SpotOn is focused on helping our merchants create meaningful relationships with their customers, saving them time and money with an experience that exceeds expectations.

SpotOn’s software and payments platform empowers all kinds of businesses to run their businesses—from building a brand to taking payments and everything in-between. The SpotOn platform incorporates tools which include payment processing, POS, custom websites, scheduling software, marketing, reviews, analytics and loyalty.


SpotOn has redefined the merchant service industry by giving you the tools and service your business deserves at a price that puts money back into your pocket. It goe sthe extra mile, aiming to be an extension of our merchants’ teams with a continuous focus on business growth and success, coupled with stellar customer service.


SpotOn is backed by Dragoneer Investment Group, Franklin Templeton, 01 Advisors, EPIQ Capital Group and others. The company raised $50M in a Series B round on Mar 11, 2020. This brings SpotOn's total funding to $110M to date.



  • Year founded: 2014
  • Funding Info: $110M over 3 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: $100M-$200M (2019)
  • Employee Size: 501-1000
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
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