Provider of Automated Retail Technology for Self-Service Kiosks and Vending Machines Partners with Samsung to enable Biometric Payments
Today, PopCom (formerly Solutions Vending) announced that it has secured over one million dollars in funding from NCT Ventures, Jumpstart Focus Fund, Rev1 Ventures, TechStars, Backstage Capital, Canopy Boulder and others. Based in Columbus, Ohio, and a graduate of the TechStars and Canopy Accelerators, PopCom is an automated retail technology company that provides software solutions for kiosks and intelligent vending.
The interactive kiosks market size is expected to grow to more than $73 billion by 2020, according to a recent study. As consumer shopping behaviors have evolved, many companies are rethinking selling strategies and choosing to offer products via self-service kiosk and vending machines. And while more than 60 percent of shoppers say they prefer self-service tools like digital kiosks, only seven percent of today’s vending machines are ‘intelligent,’ meaning most don’t offer wifi connectivity, cannot accept credit card payments and inventory cannot be monitored remotely. Moreover, traditional machines don’t track and monitor machine traffic or conversion rates.
“The explosion of this market signals a major transformation for how consumers …read more