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Intelligent Point of Sale wins £550k investment to expand

A Co Antrim man behind a point of sale technology company has landed £550,000 of investment which will see the company expand its business and add new staff.

Carrickfergus man Paul Walton formed Intelligent Point of Sale with his co-founder Robin Knox back in 2013.

The Edinburgh-based company took on its first employee last April and by the end of 2014 was employing 14 staff.

Mr Walton said the investment - of which £500,000 has come from investors 24 Haymarket - said the cash would "kick start the next phase in our company's short but successful history".

"Going forward we knew we wanted to work with people who had a solid track record in backing innovative companies," he said.

"Since taking on our first member of staff last year, we've seen the company grow at a staggering rate."

The company's app undercuts traditional and expensive till and payment systems, used in bars and restaurants across the UK.

It's won over customers such as festival operator Underbelly and coffee franchise Second Cup.