Lightspeed sells cloud-based point-of-sale (POS) and payments software to small- and medium-sized businesses, primarily retailers in North America and restaurant operators in Europe. The company offers two primary platforms: Lightspeed Retail and Lightspeed Restaurant. Lightspeed Retail integrates POS, payments, and eCommerce with a wholesale platform, NuORDER, which allows retailers to order inventory directly from brand suppliers within the software. Lightspeed Restaurant provides tools for front-of-house management, kitchen displays, and tableside ordering. The business model relies on subscription fees for software access and transaction-based fees from its integrated payments solution. Lightspeed generates transaction revenue by taking a percentage of the gross transaction volume (GTV) processed through its platform. The company also operates Lightspeed Capital, a merchant cash advance program repaid through future payment processing. Lightspeed's strategy centers on acquiring high-volume merchants through an outbound sales organization and expanding revenue per user by bundling payments with its software modules. The company differentiates itself by integrating wholesale ordering into its retail POS and providing local compliance features for hospitality merchants across Europe.