Sumary of 3 Reasons Lightspeed POS (TSX:LSPD)(NYSE:LSPD) Could Be a Canadian Tech Star:
- Home » Investing » 3 Reasons Lightspeed POS (TSX:LSPD)(NYSE:LSPD) Could Be a Canadian Tech Star Lightspeed POS (TSX:LSPD)(NYSE:LSPD) has outperformed its peers this year.
- Despite that surge, Lightspeed still has plenty of room left to grow.
- Here are the top three reasons why Lightspeed POS could be one of Canada’s best success stories in the years ahead.
- Market size It’s easy to forget that much of the world still uses analog payment methods.
- However, the industry is already worth US$2 trillion (C$2.5 trillion), which means there’s plenty of room for small players like Lightspeed to expand into.
- Lightspeed’s niche The company has carved a niche for itself as a one-stop commerce platform for merchants.
- Lightspeed Prospects Organic growth and acquisitions aren’t the only drivers of growth.
- The lightspeed team has also managed to secure critical partnerships that should help it sustain its growth rate over the long term.