November 4, 2014
Zipmark, the online payment platform that lets businesses send and receive digital payments securely, announced that it has acquired WorkingPoint, which provides an online accounting and billing solution for small businesses. With this acquisition, Zipmark will move towards creating an all-in-one payment platform for small- to mid-size businesses.
“By acquiring WorkingPoint, Zipmark’s superior service will now offer small- to mid-size companies an all-in-one digital platform that can handle all their financial and payment needs,” said Zipmark CEO and cofounder Jay Bhattacharya. “Our company is a significant value add to the SMB industry and with WorkingPoint we can support businesses under one roof who have until now been forced to use two or more products to accomplish the same results.”
Zipmark’s online payment platform is aimed at helping businesses reduce the amount of time and money it takes to collect and deposit payments. By integrating with its platform, businesses are offered a cheaper alternative to credit and debit cards. WorkingPoint’s platform enables small businesses with various accounting tools, including invoicing, bookkeeping tax reporting, inventory and expense management, and an overall business dashboard with an overview of their finances. This acquisition will extend Zipmark’s services to WorkingPoint’s customer base, giving them the ability to receive payments from clients as soon as the following business day; by acquiring WorkingPoint, Zipmark will essentially streamline the entire financial process for small- and mid-size businesses.
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