June 11, 2014
Bindo, a NYC-based retail startup that offers a Cloud-based checkout system and tools to simply the way merchants manage inventory and customer relationships, announced yesterday that it has raised $1.8 million in seed funding. The round was co-led by Gary Vaynerchuck, Metamorphic Ventures, and East Ventures.
According to The Wall Street Journal, Bindo plans to use the funding to expand operations in Asia, specifically in Hong Kong and Southeast Asia. The company already opened offices in Hong Kong earlier this year, but is now working on expanding into Singapore.
Bindo provides an iPad Point of Sale (POS), or checkout system, that gives merchants the ability to easily launch their stores online through its Cloud-based platform. Since launching its beta in March, the startup has reportedly processed $40 million in orders, with 180,000 customers having swiped their card through Bindo’s system in NYC.
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