Gas Pos executives and officials announce Thursday that the company has relocated its headquarters to North Little Rock and will create 30 jobs.
Gas Pos announced Wednesday a $1 million investment by Merus Capital, a Silicon Valley-based early-stage venture capital firm.
A graduate of the 2018 Venture Center FinTech Accelerator in Little Rock, the startup relocated its headquarters to North Little Rock from Birmingham, Alabama, last month and announced that it will create 30 technology jobs.
Gas Pos said the new investment will fund a national roll-out plan to bring its point-of-sale system and chip card readers to independently owned gas stations.
“Innovation is everywhere. [Gas Pos’ Josh Smith] and his team, the Gas Pos market opportunity, and their disruptive solution checks all of our boxes: Strong team, large market and a sustainable 10x advantage,” Peter Hsing, co-founding managing director of Merus Capital, said in a news release. “We welcome Gas Pos as our first investment in the southeastern U.S. and are excited to help them with their mission to change the basis of competition within the fuel payments industry.”
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