SinglePoint, Inc is a developer and seller of business technologies, particularly mobile business platforms, and has recently ventured into the marijuana industry. Its featured products can be used by businesses for accepting mobile payments, conducting text message marketing, and holding mobile auctions. For the medical cannabis sector, SinglePoint, Inc created a subsidiary to provide specialized technology solutions.
The company began in 2006 as Lifestyle Wireless, Inc, which also offered mobile commerce technologies. In 2011, it changed its name to Carbon Credits International, Inc, and then in 2013, to SinglePoint, Inc.
With a market value of around USD 3.27 M, SinglePoint is currently traded in the OTC markets as SING. It has also opened offices in Arizona and Washington.
SinglePoint’s mobile payment solution for businesses is the trademarked Pay by Text technology. This solution provides clients’ customers with an app to view available items, which they can then purchase through a text message. SinglePoint charges its clients 5% for every transaction completed through this technology.
Another trademarked solution of SinglePoint is Text2Bid, a mobile auction platform. With this, companies can hold auctions in which customers can bid through their text- or web-enabled phones. Bidders also get notifications of bidding activity and similar updates.
Aside from these, SinglePoint also offers the TextaDay solution for text message marketing, as well as technology for cashless ATM terminals.
On the medical marijuana front, SinglePoint’s subsidiary SingleSeed Payments provides cannabis-specialized versions of SinglePoint’s main products. There are, for instance, cashless ATMS, mobile payment platforms, and text message marketing platforms specifically for cannabis businesses. SingleSeed is now considered one of the leading business solutions providers in the industry.
SinglePoint, Inc is led by Founder, CEO, and President Greg Lambrecht, CTO Eric Lofdahl, COO Martha Burkard, Director of Business Development Vara Prasad Boddu, and VP of Sales and Marketing Wil Ralston.
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