Ingenico Group Acquires Payments Startup Think&Go

Ingenico Group, a point-of-sale (POS) and payment solutions giant, has acquired Think&Go NFC, a Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term provider of connected screens, just six years after launching, according to an Ingenico Group statement.

Think&Go NFC was on Ingenico’s radar after the development of its technology that helps enable versatile digital displays to interact with connected objects such as smartphones and transit passes. Consequently, these integrated screens are important for marketing tools and initiatives such as drive-to-store, couponing, loyalty programs, and downloads, across a variety of different industries. The startup has already been active in the French Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term realm.

A partnership has existed between the two companies since 2015, when Ingenico Group and Think&Go NFC began utilizing contactless payment technology to turn digital advertising displays into genuine POS, helping advance Screen-Commerce. For merchants, this utility means an additional sales channel, operating in both retail outlets and public places.

Growth Driven Acquisition

The acquisition is important as it will help Think&Go NFC tap into Ingenico Group’s global network and research and development (R&D) capabilities, which should fuel its growth for the foreseeable future.

According to Michel Léger, Executive Vice President (EVP) of Innovation at Ingenico Group and the Head of Ingenico Labs, in a recent statement about the acquisition: "We are confident that this solution will be a big hit with merchants. Integrating Think&Go NFC - which will still be managed by its founder, Vincent Berge - into Ingenico Labs gives us greater opportunity for expansion in the field of connected objects. This acquisition exemplifies the way we are implementing our Strategic Plan 2020, whose aim is to strengthen Ingenico Group’s leadership in omni-channel payment acceptance.”

"Connected screens are designed to keep pace with market trends driven by societal change. With their combination of payment features and marketing features, they hold tremendous potential. The power of Ingenico Group will enable us to accelerate uptake of connected screens and deliver seamless, matchless solutions to our customers,” noted Vincent Berge, the Chairman of Think&Go NFC.