It’s been a busy year for Clover Networks, a startup that launched a consumer payment app in early 2012. The company’s gone full pivot, dumped its consumer slant, built a point of sale hardware system for merchants that would make Apple designers proud, and sold the company almost a year ago to one of the largest payment processing companies in the world, First Data.
Not bad for a company that’s been around a little over two years and has around 50 employees. Also not bad for Clover’s investors including Andreessen Horowitz and Sutter Hill Ventures, as well as Clover’s co-founder and serial entrepreneur Leonard Speiser. Clover execs wouldn’t comment on the financial details of the acquisition.
The Clover Station
Opening up the point of sale system
Clover’s over-arching goal — and the driving force behind both its software and hardware — is to create an open point of sale platform whereby merchants can use any number of apps that run on easy-to-use hardware and developers can build apps for any number of merchant verticals. Making hot hardware is just one way for Clover to get there.
On Wednesday Clover is unveiling its “Clover Station”...