Cents (USA) Reports New Financing Round

Cents – a business management and in-store operations platform for laundromat owners in the US – recently announced a $4.25 million financing round. The company provides a single-solution “business in a box” system for all of the processes of a laundromat or dry-cleaning operation, such as POS, delivery, employee management, CRM, revenue reconciliation, pickup and delivery, and hardware integrations.

COVID-19 has functioned as an accelerator for the already fast-growing industry trends of full-service laundry, pickup-and-delivery, touchless payments, and the awareness of centralizing operational data and operations. At present, its system is in use in more than 100 laundromats and drycleaners across eight US states. The company expects to be supporting more than 1,000 stores by the end of 2021.