ShopKeep
| Company type | Subsidiary |
|---|---|
| Industry | Point of sale software |
| Founded | 2008 |
| Founder | Jason Richelson, Amy Bennett |
| Headquarters | New York , United States |
Area served | United States, Canada |
Key people | David Olk (co-founder and COO) |
| Products | Cloud-hosted iPad point of sale platform |
| Parent | Lightspeed |
ShopKeep by Lightspeed is a cloud-hosted iPad point of sale (POS) platform based in New York, NY. Established in 2008, this POS solution supports more than 23,000 small enterprises across the United States and Canada, focusing mainly on retail outlets, coffeehouses, dining establishments, and bars. The system allows business owners to complete transactions, generate receipts either by printing or email, operate cash registers, accept credit card payments, and transmit orders to kitchen printers using iPad or Android tablet devices. Its web-accessible BackOffice offers tools for managing inventory, staff, and customers, along with comprehensive analytics and reporting features. Additionally, a mobile application provides live sales tracking from remote locations.
History
ShopKeep was launched in 2008 by Jason Richelson, a retail entrepreneur operating stores in Brooklyn and New York City, together with Amy Bennett from their Brooklyn-based wine shop after encountering issues with their former POS software. In 2011, David Olk—previously Director of Mergers & Acquisitions at IAC—joined as co-founder and COO to assist with strategic execution and capital acquisition, successfully leading the company’s initial external funding round six months thereafter.
Jason created ShopKeep as a cloud POS platform aimed at enabling merchants to access their data remotely. His background in retail influenced the development of a user-friendly interface tailored for both merchants and cashiers. Bill Walton was appointed as the initial system architect and engineer in October 2008.
The platform’s debut iPad application was released in August 2011. By mid-2015, ShopKeep had secured funding exceeding $97 million.
On November 5, 2020, Lightspeed revealed plans to acquire ShopKeep for $440 million, finalizing the transaction on November 25, 2020.
See also
- Point of sale display
- Tech companies in the New York metropolitan area
- EMV
- Cyber security standards
- List of cyber attack threat trends
- Malware