Hypur press release

Hypur Partners with Odoo to Enhance ERP and POS Solutions for Online and Retail Cannabis Businesses

Leading payments technology company for cash-intensive, high-risk industries partners with international ERP company to scale cannabis businesses’ processes and improve customer experience to help grow the legal industry

Scottsdale, AZ, May 28, 2020 – Hypur Inc. (Hypur)—the leading provider of compliant, safe, and sustainable payment and banking options for high-risk, cash-intensive businesses—today announced a new partnership with Odoo, the leader in open-source, all-in-one business software for SMBs worldwide, that will integrate both companies’ advanced operational and payment systems to streamline business processes and cannabis purchases, including e-commerce transactions. Together, these market-leading technology companies will help cannabis businesses maintain compliance while giving consumers the safest way to pay for products.

“Our partnership with Odoo builds on Hypur’s vast network of trusted technology alliances to better serve our cannabis partners and ensure they have the tools to help their businesses succeed,” says Michael J. Sinnwell Jr., Co-Founder, President, and Chief Operating Officer at Hypur. “Technology’s role in the cannabis industry bears more weight now than ever before. Hypur is committed to helping the industry grow and improve the online and retail experience for both businesses and consumers.”

As part of the partnership, Hypur will support Odoo’s cannabis retail customers with modern, digital secure payments for cannabis businesses. Cannabis businesses that leverage Odoo’s enterprise resource planning (ERP) and point-of-sale (POS) software solutions can now utilize Hypur’s digital Hypur Pay™product to create a safer, more convenient payment ecosystem for the cannabis industry.

“We cater to a diverse range of industries and business needs, and partnering with a seasoned company like Hypur gives us an exciting opportunity to continue to grow our footprint in the cannabis industry,” says Julien Bertrand, Head of Marketing at Odoo. “Their industry expertise fortifies our efforts to disrupt the market and continue expanding our products and services to help power businesses worldwide.”

Odoo’s open-source model enables it to scale its suite of business applications at a lightning pace that elevates it above most major competitors in terms of market reach and usability. Serving upwards of five million users across North America, Europe, and Asia, Odoo’s enterprise management software helps to boost sales, integrate multiple services, and customize critical workflows for a variety of industries.

Hypur’s reliable and compliant technology reduces cash handling, eliminating the extra step of stopping at an ATM, and physical contact at checkout. With their new safe checkout product feature, Hypur provides contactless payments for in-store, delivery, and curbside pickup purchases, alongside an added tipping feature for delivery drivers and budtenders. The availability of digital payment solutions for cannabis deliveries and purchases is crucial as the cannabis industry has been deemed essential in many cities and states around the country. As a result, many have been experiencing a surge in consumer sales during the COVID-19 outbreak, which urges social distancing and shelter-in-place mandates to uphold public health and safety.

Hypur has an extensive network of partnerships with trusted banks and credit unions throughout the United States openly banking the cannabis industry. Hypur integrates with a wide range of partners to offer consumers increasingly critical services, including digital payments and pickup and delivery options, and is focused on compliance and sustainability. In its six years of operation, Hypur has never experienced a system outage.

About Odoo:   

Odoo is a leading provider of all-in-one, open-source business software for small- and medium-sized businesses worldwide. Founded in 2005, Odoo thrives in a unique and fully open ecosystem combining the resources of its community and partners to deliver a full range of easy-to-use, integrated and scalable business applications. Odoo has offices in the U.S., Belgium, Mexico, Luxembourg, India, Hong Kong and Dubai. For more information, please visit: www.odoo.com.

About Hypur:

Hypur provides electronic payment and compliance technology for high-risk and cash-intensive industries. Hypur Pay™ is a mobile payment platform designed for businesses without access to traditional payment systems, or when traditional payment systems aren’t a good fit. Hypur Pay™ features contactless payments and can be integrated into applications for in-store, order-ahead, delivery, online, and business-to-business payments. Hypur is the leading provider of compliance and payment technology to the cannabis industry. Learn more at hypur.com.

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