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ShopKeep Inc.
ShopKeep, founded in 2008, is a New York-based POS platform for retailers and restaurants. Acquired by Lightspeed in 2020.
ShopKeep Inc.
ShopKeep launched in 2008 as a New York-based POS software company targeting small and medium retail and restaurant businesses. Founders Jason Richelson and others built the platform to replace traditional cash registers with iPad-based systems. ShopKeep provides cloud-based POS hardware and software, payment processing, and ecommerce integration. Its product suite includes POS terminals, inventory management, employee management, and customer analytics. The company also operates ShopKeep Capital, a financing program for eligible merchants. ShopKeep by Lightspeed now serves businesses in over 100 countries, spanning retail and hospitality verticals. In September 2020, Lightspeed Commerce acquired ShopKeep for an undisclosed sum, folding the brand into its global commerce platform. Integration continued through 2021–2023, culminating in the full migration to Lightspeed's S-Series POS. ShopKeep customers retain access to 24/7 support and the same BackOffice tools. ShopKeep's core structural differentiator is its origin as a niche POS provider that scaled through acquisition by a larger commerce ecosystem. The company no longer operates as an independent entity; all new business is directed to Lightspeed POS. Its financing arm is distinct in offering merchant cash advances based on sales data, not traditional credit scores.
General information
Firm type
Asset Manager
Year founded
2008
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Sector focus
Frequently asked questions
Who runs investment decisions at ShopKeep Capital?
Lightspeed Commerce's corporate development and finance teams manage ShopKeep Capital. The program is an extension of Lightspeed's merchant services, not a separate investment vehicle. Loan decisions are automated based on merchant transaction data.
How does ShopKeep source proprietary deal flow?
ShopKeep Capital originates loan opportunities from its own POS merchant base. The program analyzes transaction volumes and payment history to pre-qualify businesses for financing, eliminating traditional application processes.
Is ShopKeep structured as a standalone company or a unit of Lightspeed?
ShopKeep is fully integrated into Lightspeed Commerce. It no longer operates independently; all branding, support, and product development fall under Lightspeed's corporate umbrella. The original ShopKeep entity was dissolved or merged post-acquisition.
Does ShopKeep Capital participate in fund commitments or only direct deals?
ShopKeep Capital provides direct merchant cash advances and loans to its existing POS customers. It does not commit to external funds or third-party deals. The program is funded by Lightspeed's balance sheet or a dedicated credit facility.
What investment stages does ShopKeep Capital typically target?
ShopKeep Capital targets established independent retailers and restaurants already using ShopKeep or Lightspeed POS. It provides growth-stage working capital, not startup equity or seed funding. Advances range from small amounts to mid-six figures based on merchant revenue.
Which sectors does ShopKeep explicitly avoid?
ShopKeep Capital lends only to merchants using Lightspeed POS products. It avoids unproven or high-risk industries, focusing on retail and hospitality businesses with consistent transaction histories. The program does not fund pure e-commerce or non-POS businesses.
Where does the underlying wealth come from?
ShopKeep Capital's funding derives from Lightspeed Commerce's corporate cash reserves and possibly a credit facility. Lightspeed is a publicly traded company on the Toronto Stock Exchange under the symbol LSPD. The wealth origin is corporate, not family-office or private-equity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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