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posabit.com

Founded Year

2015

Stage

Reverse Merger | IPO

Total Raised

$4.8M

About POSaBIT

POSaBIT (CSE:PBIT) is a flexible Point of Sale and eMarketing system that accepts and exchanges Bitcoin, making it easy for anyone to run their business with one simple platform. It focuses on serving legal cannabis outlets.

POSaBIT Headquarter Location

122 South Jackson Street Suite 310

Seattle, Washington, 98104,

United States

206-624-0295

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Expert Collections containing POSaBIT

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

POSaBIT is included in 5 Expert Collections, including Store management tech (In-store retail tech).

S

Store management tech (In-store retail tech)

1,472 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.

B

Blockchain

4,233 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

P

Payments

2,313 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

C

Cannabis

3,834 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.

F

Fintech

7,431 items

US-based companies

Latest POSaBIT News

With $3.75M Raise, Cannabis Payment Platform POSaBIT Plans Expansion

Jun 24, 2022

POSaBIT’s digital platform and hardware help process cash transactions at cannabis dispensaries. Written by Abel Rodriguez Photo: Shutterstock On Wednesday, POSaBIT announced that it expects to secure an approximate $3.75 million through a private placement. POSaBIT plans to sell nearly 6,000 shares of stock with the majority going to existing investors, the company said in a statement. “The capital raised in this placement will help support our eight-state launch that we aim to complete by the end of the year. At a time when our competitors are pulling back and reducing headcount, we are marching forward. We continue to engage with large multi-state operators and reaffirm our 2022 revenue guidance of $37 [million] to $40 million,” Ryan Hamlin, CEO and co-founder of POSaBIT, said in a statement. Based in Kirkland, ​​POSaBIT was founded in 2015 and raised $9.6 million in venture funding before going public on the Canadian Securities Exchange in 2019.

POSaBIT Web Traffic

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POSaBIT Rank

  • When was POSaBIT founded?

    POSaBIT was founded in 2015.

  • Where is POSaBIT's headquarters?

    POSaBIT's headquarters is located at 122 South Jackson Street, Seattle.

  • What is POSaBIT's latest funding round?

    POSaBIT's latest funding round is Reverse Merger.

  • How much did POSaBIT raise?

    POSaBIT raised a total of $4.8M.

  • Who are the investors of POSaBIT?

    Investors of POSaBIT include Foreshore Exploration Partners and Digital Currency Group.

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