Kaching adds SEK 40M in outside investment, rolls out its Mobile Point of Sale solution.
Kaching, a Stockholm, Sweden-based startup working on a cloud-based, mobile-first retail platform, announced closing in a SEK 40M ($4.7M) investment round.
The money comes from new and existing investors, including Creades, which contributed with SEK 10M in this round. In addition to Creades, among the largest shareholders in Kaching are its founder, Mathias Plank, Richard Båge, Rustan Panday and Daniel Soussan.
Kaching, founded in 2016 as a spinoff from software development house Dynamo, and led by the same CEO Mathias Plank, has developed a mobile checkout solution that replaces the fixed devices now used in trade. The company will initially roll out its solution to Apple Premium Resellers, and then gradually to major retail chains.
At the beginning of 2017, Kaching received SEK 30M ($3.32M) in an investment round supported by Creades.