TallOrder, a South African point of sale (POS) solution for SMES, has raised $3 million funding to accelerate growth and product development. This takes the total funds raised by TallOrder $5 million since inception.
The additional Series A investment was from existing investors, including Investec Private Capital, and a consortium led by Africa-focused fintech investment firm Nurture Investment Management.
Founded in 2014 by Anna Groenewald and Daniel Buys, TallOrder is a fast and efficient Point of Sale which increases business revenue, lowers costs and increases customer satisfaction.
TallOrder has proven its market fit, with installations across many business types in South Africa, African markets including Uganda, Ghana, Kenya, Tanzania, Malawi, Zambia, Zimbabwe, Mozambique, Botswana, the Seychelles, and in Asian markets such as Indonesia.
The startup currently offers integration with popular payment platforms such as SnapScan, Zapper, MasterPass, Yoco, ThumbzUp, MTN MoMo, Innervation, African Resonance, NetCash, DPO and PayFast.
Dana Buys, CEO and co-founder of TallOrder said: “Developing a robust, feature-rich and widely adaptable cloud POS solution takes a lot of development effort, both in terms of money and time.
“Investors have been keen to invest in the next generation of cloud-based point of sale systems, as the global market is vast and the growth opportunities massive.”
Nurture’s co-founder and managing partner, Tatenda Mutizwa said: “We are pleased to make this significant investment into what we believe is a category-defining software-as-a-service company alongside Dana and the existing shareholders. We look forward to supporting the African — and ultimately global — expansion of TallOrder over the next few years.”
