Vend (software)
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The Vend Logo
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| Private | |
| Industry | Software as a Service |
| Founded | 2010 |
| Founder | Vaughan Rowsell |
| Headquarters | Auckland, New Zealand |
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Area served
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| Products | |
| Services |
Point-of-Sale Ecommerce Retail Training |
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Number of employees
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200+ |
| Website | www |
Point-of-Sale Ecommerce
Vend is cloud-based point-of-sale and retail management software that lets retailers run their business in-store, online, and on-the-go. Vend’s solution includes POS software, inventory management, E-commerce, customer loyalty, and reporting analytics. Vend integrates with other world-leading business and payments applications including Shopify, Square, Xero and PayPal, and is a key retail partner in Apple’s global Mobility Partner Program.
Vend was launched in August 2010 by software developer Vaughan Rowsell.
In the two years following its launch, Vend secured funding from various investors and announced a partnership with Paypal.
In 2013, Vend raised NZ$8 million of funding from investors in Australia (i.e. Craig Winkler, MYOB founder and a cornerstone investor in Xero, and Paul Bassett and Matt Rockman, co-founders of Seek.com.au) and New Zealand (i.e The Milford Active Growth Fund, managed by Brian Gaynor). Further capital has also been raised from existing investors including Point Nine Capital in Berlin.
The following year, Vend closed US$20 million (NZ$25 million) in Series B funding. The funding round was co-lead by PayPal co-founder and the first outside investor in Facebook, Peter Thiel of Valar Ventures and Square Peg Capital in Australia. Later in 2014, the company also opened offices in Toronto and London.
In 2015, Vend announced that it was working with Apple as one of a select group of business app developers to bring innovative mobile solutions for business to iPad users. Vend is now officially endorsed by Apple and is one of about 20 apps that Apple is curating for SMBs that are billed as both working well, and working well in concert with each other.
In the same year, Vend launched Vend Ecommerce to help brick-and-mortar retailers set up shop online. It also announced a partnership with UK payments provider iZettle, and North American payments provider Mercury (now Vantiv).
In 2016, the company joined forces with Square to enable US-based advanced retailers who use Vend’s sophisticated POS software and retail management system to process payments with Square. It also revamped its integration with long-standing partner Xero and announced a formal partnership, uniting the two companies under joint business goals in key international markets for the first time.
In 2016 Vend also launched an app separate to its own platform for inventory management named Counter. Available through Apple’s App Store, Counter allows retailers to perform full and partial inventory counts, as well as process product deliveries and transfers using their iPhone, iPad or iPod Touch. The app is aimed at retail store owners, warehouse managers, and stock room supervisors, and seeks to streamline counting inventory by reducing manual work for retailers.
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Wikipedia