UK FinTech Phos, which offers a point-of-sale (POS) solution.
In Brief:
Phos offers software-only POS for smartphones.
It has secured £1.7mn Series A funding.
The round was led by CM.com.
What does this mean?
Phos aims to democratise payments through making card acceptance easier. Following the funding round it wants to expand into the US and hire new developers.
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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