FinTech myPOS has acquired French cash register Toporder as it looks to strengthen its position in the region.

Founded in 2019 in Lyon, Toporder provides a complete cash register system, integrating business tools such as inventory management, accounting, statistical analysis and customer database management.

With the deal, myPOS said it intends to strengthen its position as a payment service provider focused on small and medium-sized enterprises (SMEs) in the retail, restaurant, and beverage sectors in France.

The acquisition aims to strengthen its commitment as a provider of integrated payment and cash register solutions designed to help businesses streamline operations and increase efficiency.

In terms of value creation, the agreement will see Toporder maintain support for its existing customers, which exceed 700 across France, while incorporating its technology into the myPOS platform.

Commenting on the French market and the acquisition, myPOS chief executive officer Mario Shiliashki said: “France is one of our most dynamic markets, and this acquisition will help us expand the business of our clients by offering top-tier technology.”

“We’re excited to welcome Toporder to the myPOS group and together deliver solutions that save time and money, enabling merchants to focus on what matters most – growing their business,” he added.

Florian Malvicino, country manager of myPOS France, highlighted the broader impact of the acquisition, emphasising the challenges faced by French SMEs, including inflation and rising costs for regulatory compliance and employee retention.

“By integrating Toporder’s technology, we aim to energisze the SME economy with modern tools that boost profitability,” he added.

myPOS is backed by private equity firm Advent International, which bought the FinTech in November 2023. The deal was completed through Advent's new payments company, AI Circle Bidco (Circle), and valued the paytech at €500 million ( US $ 542 million).

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