Payrange Acquires Turns: Revolutionizing the Laundromat Industry
Payrange has officially acquired Turns, a comprehensive laundromat operating system, in a strategic move that aims to transform the American laundromat industry.
Details of the Acquisition
While the specific financial terms of this acquisition remain undisclosed, both companies have announced that this merger will result in the creation of the first-ever all-in-one platform addressing all facets of laundromat operations—from basic service functionalities to cutting-edge delivery and pickup solutions.
Enhanced Payment and Management Solutions
Payrange is renowned for its innovative mobile payment solutions tailored for retail environments, enabling seamless transactions without the need for direct oversight. The acquisition of Turns allows Payrange to expand its offerings significantly, providing laundromat owners with an unprecedented level of integration.
Turns boasts an impressive suite of hardware and software that streamlines business management, delivery logistics, point-of-sale operations, payments, and additional essential functions. The integration of these features into the existing Payrange platform is expected to lower operational costs and simplify the management process, especially for those owning multiple laundromat locations.
Transforming the Laundromat Experience
The newly merged platform will empower operators to oversee all aspects of their business from a single interface, including remote machine payments, real-time performance analytics, employee scheduling, and customer engagement. By consolidating multiple platforms into one, laundromat operators can dedicate more time to enhancing customer experiences.
Both Payrange and Turns assert that this comprehensive solution will grant owners access to deeper insights, enabling more nuanced control over their operations. For laundromats that provide collection and delivery services, the platform will optimize everything from logistics to payment processing.
The Vision Behind Turns
Founded by Sukanth Srivastav and Vishal Gupta, Turns was established with the mission of streamlining laundromat management. Earlier this year, the company secured $500,000 in a pre-series funding round, led by Better Capital, in addition to contributions from Pointone Capital and other private investors.
“Our platform was designed to redefine laundromat management, and now, in partnership with Payrange, we can scale this transformation and influence the future of laundromats,” stated Sukanth Srivastav, co-founder of Turns. “Our goal over the next 24 months is to empower over 5,000 laundromats across the United States, equipping owners with the necessary tools to enhance operations and deliver exceptional customer experiences.”
Future Prospects with Payrange
“With this acquisition, we are not just enhancing our capabilities; we are creating the definitive laundromat platform for the American market,” said Paresh Patel, founder and CEO of Payrange. “This presents unparalleled growth opportunities within this sector.”