Square rival SpotOn buys startup to better serve restaurants

San Francisco fintech startup SpotOn has purchased a small Detroit-based company that caters to restaurants and bars with its merchant-processing services and other offerings. The acquisition is a way for SpotOn to better compete with larger rival Square, also based in San Francisco.

Terms were not disclosed. Adding EmaginePOS' 15 employees brings SpotOn's head count to 465.

“This is an incredible market opportunity,” SpotOn President RJ Horsley told the San Francisco Business Times. “Our…

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