Aussie Startup Kounta opens first venture round

- May 14, 2013 2 MIN READ

Australian cloud point of sale startup Kounta has kicked off its first venture round, with Greg Wilkinson, Founder of Reckon, investing and joining the board.

Greg Wilkinson founded Reckon Limited in 1987, and until 2006 was the Chief Executive Officer. Following that, he was appointed to the position of Deputy Chairman. Under his leadership, Reckon grew from a startup in a Sydney apartment to a leader in accounting software and an IPO on the ASX.
“The vast majority of hospitality and retail merchants around the world are stuck in the dark ages. They’re using antiquated software and hardware which has not caught up to how buyers and sellers want to interact. We know we’re tackling a huge market and we’re approaching it in a smart way. By being web-based, literally any connected device can become a Kounta POS. This means retailers can not only use the latest iPad and Android tablets, but also the existing hardware they have, and not make additional investments in new technology.” says founder and CEO Nick Cloete.
With a monthly subscription model, the aim is to have a service that is much more affordable for merchants. Kounta say they wanted to create something very easy to use, but powerful, and built it so it can connect into complementary platforms like Xero, PayPal, Beat the Q, and more.
Kounta has developed a powerful, flexible, and easy to use point of sale system compatible with any connected device. Merchants can run their entire store off an iPad, Android tablet, laptop or PC. It has already gained popularity among savvy Australian stores and proven its ability to help create a much better shopping experience.
The fund raising will be used to fund further product research and development, add to the Kounta executive team, and promote the solution to hospitality and retail merchants around Australia and the rest of the world.