Sky is a direct competitor to Square ($120B) and Shopify ($135B) with a more profitable business model.
Our business model offers free software and makes money from payment processing, similar to that of Square. However, we are focused on serving an untapped segment of the market we call legacy small and mid-sized enterprises, or LSMEs.
These are businesses that may understand the benefits of cloud technology, but are unsure how to adopt. Our boots on the ground sales approach allows us to reach these customers to educate, acquire, and serve LSMEs all throughout the country, while also converting Square customers with a superior software offering and personalized customer support.
Here are some highlights
30% growth each month
Highly successful, experienced leadership team
Operating in one of the most acquisitive industries in the world
Average customer processes $600,000 annually vs $150,000 at Square
Only operational in four states and 18 markets
Expanding throughout U.S. in 50 states and 200 markets
- Tire Retail
- Moving Companies
- Dog Groomers and Salons
- Auto Repair & Auto Retail (car dealerships)
- Furniture Retail
- Lumber & Home Improvement
- Pool & Outdoor Retail
- Funeral Homes
- Grocery & Convenience Stores
- Consumer Electronics
- Hotels & Lodging
Sky prioritizes the above verticals when it enters a new market, but can work with any business type. We convert both Square customers and LSMEs. We believe the LSME market is larger than the small businesses and sole proprietors that companies like Square and JPMorgan are fighting to serve.