jason ngan joming au headquarters new york city united states area served global products bindo point of sale website bindopos.com bindo is a retail technology company headquartered in new york ny with apac headquarters in hong kong . 1 its core product is a cloud based point of sale system that enables online shopping for the end consumer . 2 bindo s hyperlocal marketplace allows merchants to run their stores and merchandise online and connect them with consumers in their neighborhood . 3 4 5 bindo creates a real time product graph that connects brands consumers and merchants . 6 contents 1 history 2 technology 2.1 bindo pos 2.2 bindo marketplace 2.3 payments 3 reception 4 references 5 external links history edit bindo was founded in october 2010 by joming au brad lauster and jason ngan . 7 it was initially started by two friends ngan and au who both sold electronics on ecommerce websites during their college days . after graduation au worked in aerospace and ngan in financial engineering . 8 after a while on the side they started to work on bindo with the initial intention of trying to index available local inventory online . 9 ngan then met lauster who shared a vision that shopping online at local stores shouldn t be so difficult . they then decided to work together to create a marketplace to strengthen local economies by indexing the products and making it accessible through the local stores . it was initially launched in manhattan . 10 the idea to start a hyperlocal marketplace got the attention of social media expert gary vaynerchuk who then went on to become one of bindo s investors . bindo had gained 180 000 customers and processed over 500 million in sales . 3 in may 2014 bindo raised seed funding in the amount of 1.8 mm majorly led by vaynerchuk singapore based east ventures and new york based metamorphic ventures along with angel investors . 11 12 technology edit bindo pos edit bindo has a point of sale system pos that allows merchants to add and manage their inventory in the cloud enabling in store purchases . its platform provides retail store owners with inventory management tools and generates on demand real time reports and analytics . 8 bindo marketplace edit the bindo marketplace brings stores online connecting merchants directly with local buyers and enabling them to make same day delivery purchases from the bindo iphone app . 13 the in store and e commerce transactions are all synchronized in real time with bindo pos to manage and check online inventory . payments edit bindo pos works with processing partners to provide seamless integration with its point of sale solution . 10 it is one of the first ipad pos players to also roll out emv chip pin and emv chip signature solutions . 14 in september 2014 bindo announced support for apple pay and nfc contactless payments . 15 reception edit after its beta launch in manhattan the application grabbed the attention of 180 000 customers . 2 3 according to critics the application is similar to other pos application launched in the recent past . 2 ngan later clarified that bindo pos differentiates from its other ipad pos competitors by focusing more on building a hyperlocal marketplace and building an online to offline network . 16 references edit josh horwitz may 29 2014 . fresh off its latest funding round point of sales startup bindo opens office in singapore . retrieved 28 october 2014 . a b c catherine shu may 28 2014 . bindo raises 1.8 m to help small brick and mortar stores go online . techcrunch . retrieved 28 october 2014 . a b c michelle yuan june 9 2014 . new york startup bindo raises funds to expand in asia . wall street journal . retrieved 28 october 2014 . vanessa tan may 8 2014 . the glory the money and the startup arena winner bindo . retrieved 29 october 2014 . fresh off its latest funding round point of sales startup bindo opens office in singapore . yahoo singapore . may 29 2014 . retrieved 29 october 2014 . . headline daily . june 2 2014 . bindo gets 1.8 m for its offline online pos system for small retailers . start up beat . may 28 2014 . retrieved 29 october 2014 . a b josh horwitz may 8 2014 . this hong kong startup solves online retail nightmares with a simple ipad app . retrieved 28 october 2014 . bindo reduces credit card fraud with rollout of emv chip reader . august 7 2014 . retrieved 29 october 2014 . a b garg nikhil may 29 2014 . bindo raises 1.8 m in seed funding . tropical post . retrieved 29 october 2014 . startup arena winner bindo nabs 1.8 m in seed funding . may 29 2014 . retrieved 28 october 2014 . ny based bindo raises usd 1.80 million for asian expansion . june 9 2014 . retrieved 29 october 2014 . bindo expands in asia an ipad pos that helps small businesses compete with amazon . retrieved 29 october 2014 . leung iris september 1 2014 . hong kong startups hotelquickly and bindo stay competitive with mobile payment product updates . startups hk . retrieved 29 october 2014 . why mpos is no exception to the apple pay effect . october 28 2014 . retrieved 29 october 2014 . reutzel bailey july 7 2014 . bindo is a little bit mobile pos and a little bit marketplace . retrieved 29 october 2014 . external links edit official website retrieved from https en.wikipedia.org w index.php title bindo & oldid 740363001 categories companies based in singapore navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 20 september 2016 at 15 59 . text is available under the creative commons 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