Gas Pos, a new technology platform for the fuel business, announced Thursday (Oct. 25) that it has relocated its headquarters to North Little Rock from Birmingham, Ala. Gas Pos is a graduate of the 2018 Venture Center FinTech Accelerator program.
The company said it plans to bring 30 “high-paying” jobs to the region.
Gas Pos has developed free point-of-sale solutions and low-cost EMV card readers to increase payment security for American truck drivers and ensure financial security for gas station owners. The devices can be attached to existing gas pumps helping avoid the need to purchase new pumps, which can cost up to $17,000.
EMV stands for Europay, MasterCard, Visa. It is the global standard for chip-based debit and credit card transactions.
“Metro Little Rock is an ideal technology hub due to its revitalized and growing downtown areas, access to tech talent, convenient transportation options, and, most importantly to the programs that Governor Asa Hutchinson, Mayor Mark Stodola, Mayor Joe Smith, the Little Rock Regional Chamber of Commerce, and the Venture Center have implemented to position the area as the leader of FinTech innovation and growth,” said Josh Smith, co-founder and CEO of Gas Pos.
To date, several companies that have come through Arkansas’ FinTech Accelerator program, which is sponsored by FIS Global, have located in the metro Little Rock region. Besides Gas Pos, they include Altimize, BankLabs, Mortgage Peer Network, Lumoxchange, Pfitr, Bond.ai and Egiftify.
“Metro Little Rock drew our attention because it is a city with a public sector committed to educating and preparing its youth, incentivizing young women to pursue careers in STEM, and stimulating economic growth overall through incentives and long-term business initiatives,” said Nannette Smith, co-founder of Gas Pos. “We are excited and honored to join other startups in this next phase of growth for Metro Little Rock and the State of Arkansas.”
“Arkansas continues to be a national leader in technology,” Governor Asa Hutchinson said. “We are grateful to have the support of the Venture Center Fintech Accelerator that helps nurture and grow young tech companies in Arkansas such as Gas Pos. The company’s success is a direct reflection of our state’s talented workforce and pro-business environment.”