Lightspeed Commerce

Company research

Public company, workplace, funding, and market signals

Updated Aug 5, 2026

Overview

Lightspeed Commerce Inc. is a Montréal-founded public SaaS and fintech company providing a unified cloud commerce platform for retail, hospitality, and golf businesses in more than 100 countries. Its platform combines point of sale, payments, eCommerce, inventory, reporting, staff/supplier tools, financial services, and integrations.

Primary product

Lightspeed unified commerce platform, centered on Lightspeed Retail and Lightspeed Restaurant, with POS, payments, eCommerce, inventory, reporting, supplier network, and financial-services modules.

Founded

2005

Headquarters

700 Saint-Antoine Street East, Suite 300, Montréal, Québec, Canada H2Y 1A6

Team size

approximately 2,700–3,000+ worldwide

Work style

Flexible

Industry

Software development / SaaS

Sub-industry

Cloud point-of-sale, unified commerce, payments and fintech for SMB and multi-location retail and hospitality

Offices

Montréal, Canada (HQ)

Ottawa, Canada

Toronto, Canada

Olympia, United States

New York, United States

Geneva, Switzerland

Zurich, Switzerland

London, United Kingdom

Gent, Belgium

Paris/Neuilly-sur-Seine, France

Business model

Recurring SaaS subscriptions

Transaction-based payments revenue

Hardware and implementation/services revenue

Payments and embedded financial services

Supplier-network and commerce-platform modules

Funding

Stage

Public company; IPO in 2019

Total raised

$1.2B

Latest round

Post-IPO equity · Aug 2021

Latest amount

$716.1M

Post-IPO equity

Aug 2021

$716.1M

Post-IPO debt

Apr 2019 · CIBC

$55M

Series D

Oct 2017 · La Caisse / CDPQ

$166M

Series C

Sep 2015 · Inovia Capital / Accel

$35M

Series B

Sep 2014 · Accel

$35M

Series A

Jun 2012 · Accel

$30M

People & investors

Leadership

Dax Dasilva

Founder and Chief Executive Officer

Asha Bakshani

Chief Financial Officer

Gabriel Benavides

Chief Revenue Officer

Leslie Martin

Chief Strategy and Transformation Officer

Daniel Micak

Chief Legal Officer

Shirvani Mudaly

Chief People Officer

John Shapiro

Chief Product Officer / Chief Product & Technology Officer

Bhawna Singh

Chief Technology Officer

Investors

Investissement Québec

La Caisse / CDPQ

Silicon Valley Bank

Work & culture

The company emphasizes inclusive, community-oriented culture, diversity and belonging, continuous learning, employee ownership, and practical customer impact. Careers materials describe a flexible people-experience policy; individual roles may be fully remote, partially remote, or office-based.

Work style

Flexible

Compensation

Public job postings signal equity for employees, flexible work, benefits, and a $500 wellness allowance. Role-specific salary ranges and sponsorship terms were not consistently available in the reviewed public evidence.

Benefits

Flexible paid time off

Flexible/hybrid remote work options and work-abroad policy

Equity scheme/options

Health insurance

$500 annual health and wellness benefit

Pension/RRSP contributions

Paid parental leave and new-parent assistance

Mental-health platform, counseling and coaching

Volunteer day

Training and career-development opportunities

Computer purchase program

Employee-led networks and inclusion groups

Product & market

Pricing

Per-location SaaS subscriptions generally ranging from under $100 to over $1,000 per month, plus optional modules, payment/transaction fees, hardware and services.

Differentiators

—Unified POS, payments and eCommerce platform
—Verticalized Retail and Restaurant products
—Integrated inventory, reporting, staff and supplier workflows
—Global payments and embedded financial services
—Omnichannel support across physical, online, mobile and social channels
—Lightspeed Retail/NuORDER supplier-network integration
—Focus on sophisticated SMBs and multi-location merchants
—Broad international footprint and industry-specific capabilities

Technology

Google Cloud

AWS

Docker

BigQuery

dbt

Stripe

Braintree

React

TypeScript

Node.js

Go/Golang

Java

Kotlin

PostgreSQL

MongoDB

Angular

Tableau

Kibana

Figma

Customers

Retailers

Restaurants and bars

Cafés, breweries and hospitality businesses

Golf-course operators

Single-location SMBs

Multi-location and omnichannel merchants

Businesses in over 100 countries

Competitors

Shopify

Toast

Square

Clover

Oracle MICROS

Block

Revel Systems

Vend/other legacy POS providers

Scale & contact

Estimated revenue

Approximately US$1.0–1.3 billion annually; FY2025 revenue was US$1.0768 billion and management's FY2027 outlook referenced more than US$1.2 billion.

Signals & risks

Layoff

Jul 2026

Management disclosed a roughly 3% headcount reduction, approximately 100 jobs, including a 10% reduction in product and technology teams, while stating that hiring continued.

Source

Acquisition

May 2026

Lightspeed sold its non-core Upserve U.S. hospitality product line to Skyview Equity for up to $81 million, including a $37 million earnout, as part of a narrower focus on North American retail and European hospitality.

Source

Other

May 2025

Fiscal 2025 included a $556.4 million non-cash goodwill impairment and a $696.0 million operating loss; the company was executing a transformation and efficiency strategy.

Source

Latest news

Lightspeed Announces First Quarter 2027 Financial Results

PR Newswire / Yahoo Finance · Jul 2026

Revenue was US$322 million, up 6% year over year after the Upserve divestiture; growth-market revenue rose 20%, while the company disclosed headcount reductions and continued its AI product rollout.

Lightspeed stock sinks despite narrower net loss, revenue beat in fiscal Q1

BetaKit · Jul 2026

Reports the Q1 FY2027 earnings reaction, approximately 100 job cuts, product/technology reductions, AI integrations, and management's more-than-US$1.2 billion FY2027 revenue expectation.

Lightspeed Commerce open to acquisitions but not eyeing anything large-scale

The Globe and Mail · May 2026

CFO Asha Bakshani said Lightspeed remained open to small tuck-in acquisitions but not large deals; the company was concentrating on North American retail and European hospitality after selling Upserve.

Lightspeed Announces Fourth Quarter and Full Year 2026 Financial Results

Lightspeed Commerce / PR Newswire · May 2026

Reported 24% growth in the company's core growth engines, approximately 150,000 total customer locations, and the Upserve sale for up to US$81 million.

Lightspeed Announces First Quarter 2026 Financial Results

Lightspeed Commerce / PR Newswire · Jul 2025

Reported Q1 FY2026 revenue of approximately US$304.9 million and continued the transformation toward core retail and hospitality markets.

About/team Careers Company website Engineering/technology blog Executive leadership GitHub GitHub repositories Investor relations LinkedIn company X

SourcesFY2025 annual report 2025 Annual Information Form / SEC Executive management Careers About Lightspeed LinkedIn company BetaKit Q1 FY2027 coverage

Jobs and careers at Lightspeed Commerce

117 jobs at Lightspeed Commerce

Commissions Analyst (Permanent work from home)

Remote

Sales

Manila; Manila, Metro Manila, Philippines

Today

Remote

Full-time