Extends Cantaloupe’s Fully Integrated Seed Markets Platform to Point-of-Sale
Cantaloupe, Inc., a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, announced it has acquired the assets of Delicious Nutritious LLC, dba Yoke Payments™ (“Yoke”), a Los Angeles, Calif. award-winning micro market payments company. Yoke’s kiosk and mobile apps will be showcased during The NAMA Show 2021 in New Orleans, La. at Cantaloupe’s booth #1231.
Cantaloupe is pleased to announce it has acquired @yokepayments! $CTLP #MicroMarkets #fintech #retailtech #unattendedretail
Cantaloupe’s Seed Markets™ offering enables its customers to optimize their micro market business by integrating route scheduling, warehouse pre-picking, and reporting for markets, vending, office coffee services (OCS) and pantry. Through the acquisition, Yoke’s point-of-sale platform will now extend this offering to provide self-checkout while seamlessly integrating with Cantaloupe’s inventory management and payment processing platforms.
Read More: CIT Provides $28.2 Million in Financing for California Apartment Complex Development
“Micro markets are the fastest growing segment of the unattended retail industry. While through Seed Markets we already provide logistics and payments services for thousands of micro markets, we knew that extending our fully integrated solution to point-of-sale was important to our customers,” said Sean Feeney, chief executive officer, Cantaloupe, Inc. “Having worked with Yoke for the last four years, this acquisition was a natural progression of our relationship, as the technology is best-in-class and already integrated with Seed Markets. Now we will be able to expand our micro market offerings to any location as we continue to invest in the space, unlocking new revenue and optimization opportunities and enabling them to further scale their business into this important and growing retail segment.”
Yoke’s technology currently integrates seamlessly with more than 40 major platforms, enabling faster onboarding through a plug and play setup that simplifies operations and reduces costs, creating a profitable and scalable micro-market solution for small to medium business; as well as enterprise customers looking to maximize existing locations. In addition, its mobile capabilities facilitate a direct line of communication between merchants and consumers. This enables promotions, coupons, and loyalty and rewards programs, all helping increase customer engagement and retention.
“This is an amazing opportunity for the Yoke team and our customers,” said Michael Johnson, co-founder and chief executive officer, Yoke Payments. “We share many of the same core values, including a passion for delivering solutions that drive our industry forward. In joining the Cantaloupe team, we continue to hold innovation at our core, remain focused on enhancing our micro-market solutions and have the opportunity to expand our global footprint side-by-side with one of the most innovative companies in the industry.”
Co-founders Michael Johnson and Benjamin Thomas will continue to drive Yoke’s growth as members of the Cantaloupe team. Terms of the transaction were not disclosed.
Read More: Delivery Drivers, Inc. Offers New Same-Day Payment Platform
