Mar 24, 2020
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Lightspeed launches free services for retail customers

Mar 24, 2020

Cloud-based e-commerce technology company Lightspeed Pos Inc. announced on Monday several new initiatives to support its local retail customers who have been affected by the global Covid-19 pandemic. 

Lightspeed launches free services for retail customers. - Lightspeed

Among the initiative, Lightspeed will offer its e-commerce platform to all retail customers for free, effective immediately, and for the next three months, as well as its services: Lightspeed Delivery and Lightspeed Loyalty. 

Moreover, Lightspeed has rolled out a #lightspeedlocal initiative, which encourages its company employees to shop locally and support small businesses. The program reimburses employees in its 14 global offices up to $500 in local currency on purchases employees make from any Lightspeed retail or restaurant customer.

To further help SMBs protect their businesses, Lightspeed launched an online Covid-19 Retail and Restaurant Resource Guide, which includes tips for operational tasks, as well as tools for new revenue streams.

"Our employees and customers are at the heart of everything we do, and during this time of social distancing and uncertainty, it is more important than ever that we support them in a tangible way," said Dax Dasilva, founder and CEO of Lightspeed.

"I'm inspired by the spirit and innovation from some of our customers leveraging omni and creative home delivery options to make the best of an incredibly difficult time. Helping others do the same is at the heart of these incentives that we are putting in place.”

Last month, Lightspeed announced a revenue jump of 61 percent in its third quarter, reaching 32.3 million. 

It expects revenues for the fourth quarter to be in the range of $35 to $35.7 million, representing year-over-year growth of 64 to 68 percent.

Headquartered in Montreal, Canada, the company says it “remains well capitalized to support its highly diversified retail and restaurant customer base through this difficult time.”  

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