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Poynt raises $100M in series C funding

Poynt Co., a company that offers payment terminals for merchants and developers in the U.S., has received $100 million in series C funding from strategic partners including Elavon Inc. and National Australia Bank Ltd.

Elavon is a subsidiary of U.S. Bancorp.

With the investment, Poynt plans to expand into new markets outside the U.S. The company aims to have its operating system adopted by at least 50% of the world’s large payment terminal manufacturers by 2019.