Treez, an enterprise commerce technology platform for the cannabis retail and supply chain industry, has reached an agreement to acquire Swifter, a payment solutions platform tailored to meet the needs of the cannabis industry.
Swifter’s suite of existing multi-location operating retail cannabis clients, along with their credentials as a Y Combinator company, made them an attractive investment for the company. Swifter was selected as part of the 2020 class at the Y Combinator accelerator that offers seed investments to startup companies, with a roster of alumni including Airbnb, Doordash, Dropbox, Instacart and more.
“The acquisition of Swifter further solidifies our position to offer a comprehensive suite of financial services and digital payments solutions to cannabis dispensaries,” stated John Yang, CEO of Treez. “Together, we’re tackling the challenges faced by dispensaries in normalizing the cannabis retail experience by bringing forward scalable fintech and payment solutions to optimize the customer experience and meet consumers where they are today.”
Through the acquisition of Swifter, Treez will be able to provide embedded partner-powered fintech solutions that will ultimately lead to more transparency, stability and better processing rates for retailers. Additionally, Treez will be able to leverage and further build upon the Swifter technology to allow more traditional banks and fintech providers to more easily enter the space as legislation efforts like SAFE banking get closer to passing.
Get your daily dose of cannabis news on Benzinga Cannabis. Don’t miss out on any important developments in the industry.
Photo: Benzinga; Sources: courtesy of Matthias Zomer via Pexels, squarefrog via Pixabay)
Related News
New Frontier Data And Treez Partner To Empower Cannabis Retailers In A Hyper-Growth Market
Cannabis Movers & Shakers: Flora Growth, Valens, Metrc, Treez
Treez Rolls Out Integration Of Cannabis Cloud Commerce Platform With Tymber's E-Commerce Platform
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!