LSPD

What You Should Know

Lightspeed Commerce is a Canada-based SaaS company providing a cloud-based commerce platform serving restaurants (Lightspeed Restaurant POS), retail merchants (Lightspeed Retail POS), and golf courses (Lightspeed Golf). The platform combines point-of-sale, inventory management, payments processing, e-commerce, analytics, and supplier-network tools. Revenue includes SaaS software subscriptions and transaction-based payments-processing fees from merchants using Lightspeed Payments. Retail and restaurant POS and commerce software is permissible at the activity level. Lightspeed has a moderate balance sheet with debt from acquisitions; the debt-to-market-cap ratio should be verified. Like other payment-technology companies, Lightspeed facilitates card transactions that may generate interest for card issuers — Lightspeed earns software fees and processing fees rather than the interest itself. Most Sharia advisory boards classify general-purpose merchant POS and payments software as permissible.