Updated July 29 at 5:44pm

Swipely services $1B in sales, plans to hire 15 more this year

Swipely announced Tuesday that it now manages more than $1 billion in annual sales for merchants across 29 states, one year after entering the payments business.

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Swipely services $1B in sales, plans to hire 15 more this year

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PROVIDENCE – Swipely announced Tuesday that it now manages more than $1 billion in annual sales for merchants across 29 states, one year after adding payment services to its lineup of analytics and marketing tools.

The Providence-based vendor said it has doubled sales under management in the last four months and expanded its platform support to more than 100 point-of-sale systems that merchants use every day, including Micros, Aloha and POSitouch.

“Swipely turns the big data behind payments into actionable insights local merchants value to understand customers and increase sales, without any new costs,” said Angus Davis, founder and CEO of Swipely, in a release. “From this foundation, we’re growing our product into an operating system for local commerce that extends our market-leading payments and analytics service into valuable additional tools that help small businesses win.”

The company, founded in 2009, has hired 35 new employees in the last year and plans to add approximately 15 more before the end of 2013, according to a Swipely spokesperson.

Swipely’s business over the last four quarters averaged a compound quarterly growth rate of 100 percent, the company reported. Its software helps nearly 4 million consumers streamline payments, in-store operations and online marketing, in industries including restaurants, liquor stores and salons as well as other independent retailers.

For more information, visit www.swipely.com.

swipely, angus davis, micros, aloha, positouch, analytics, marketing tools, payment management, sales under management, platform support, streamline payments

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