What is Lightspeed POS? Lightspeed POS Review, Features

Lightspeed POS is a POS payment solution provider that provides online and offline POS payment services to physical retail stores, restaurants and online merchants. The company also provides inventory management, procurement analysis and other e-commerce and digital financial transaction services.

About Lightspeed POS

Lightspeed POS has more than 25,000 customers in more than 100 countries around the world. Whether online or offline, merchants can use Lightspeed POS's system to build, manage and grow their stores.

Function

1. Inventory management

Users can import all products from a previous store using a .CSV or .XLS file that conforms to a specified structure and get sales instantly; can create up to 100 variations for product sets of all sizes and add custom pricing for individual variations; can add product descriptions to provide visitors with more information about the items.

2. Store Management

Choose a theme for your eCommerce in Lightspeed POS's Theme Store and set it up quickly without any technical skills required; use Lightspeed POS's HTML and CSS editor and use your coding skills to create the online store you want; show all your products in any possible angle and use the zoom feature so your visitors can get a real look at the products they're going to buy.

3. Order Management

Lightspeed eCom is your order management system that gives you a complete overview of your sales, save order data in CVS files to view in a table or archive sales data in personal folders; create discounts and promotions such as "buy 1 get 1 free" directly in the system and increase profits while eliminating dusty inventory; integrate with the largest carriers and set shipping prices to make the shipping process smoother and ensure that customers get their purchases in a timely manner.

4. SEO Optimization

Meta titles and descriptions can help search engines identify your website and get better SEO rankings.

5. Analysis Report

Analyze daily net and gross revenue to see how your store is performing; analyze conversion rates, traffic, test different checkout experiences, and identify your customers' favorite options to increase conversions and profits.

6. International Sales

With localized versions of your website, you can expand your reach and connect with online shoppers around the world; receive orders from all over the world, or set up a list of countries to receive orders from; integrate with the world's largest carriers and set international shipping rates and deliver to customers worldwide.

Development experience

-In June 2012, it received a $30 million Series A funding from Accel Partners and iNovia Capital.

-In 2013, the first cloud-based POS was launched and Lightspeed Retail surpassed 15,000 customers.

-In September 2014, it received a $35 million Series B funding from iNovia Capital, Accel Partners, Hercules Technology, and Growth Capital, and launched Lightspeed Restaurant.

-In September 2015, Lightspeed POS received US$61 million in Series C funding, led by Caisse de dépôt et placement du Québec and Investissement Québec, and followed by Accel Partners and others.

-In October 2017, Lightspeed POS announced that it had received a US$166 million Series D financing, led by Caisse de dépot et placement du Québec, the largest investment institution in Canada, which contributed US$136 million in this round of financing. Other investors included iNovia Capital and Silicon Valley Bank.

- In 2018, Lightspeed Membership was launched and 4 new board members were added: Patrick Pichette, Marie-Josée Lamothe, Rob Williams and Paul McFeeters.

-2019: Launch of Lightspeed Payments; Launch of Lightspeed Restaurants (Series K); LSPD’s initial public offering on the Toronto Stock Exchange; Lightspeed’s acquisition of Chronogolf; Lightspeed’s acquisition of iKentoo.