"Cents built the first fully integrated software, hardware, and payments platform designed exclusively for laundry and garment care operators, giving owners a single system to manage point-of-sale, machine payments, pickup and delivery, AI-powered customer service, and dynamic pricing."
"The platform now serves more than 4,500 locations processing $1B in payments annually and maintains 99% customer retention, a figure that signals deep operator dependency rather than just adoption."
"We just closed a $140M Series C round led by Sumeru Equity Partners, with continued investment from Camber Creek, who led our Series B. This is the largest single tech investment ever made in the laundry vertical."
The U.S. laundry industry, comprising over 90,000 retail locations, has largely relied on outdated systems for management. Cents has developed a comprehensive software, hardware, and payments platform tailored for laundry operators. This platform integrates point-of-sale, machine payments, and AI-driven customer service, serving over 4,500 locations and processing $1 billion in payments annually. Cents recently secured $140 million in Series C funding, marking a significant investment in the laundry sector and highlighting its potential for modernization and growth.
Read at Alleywatch
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