Kiwi tech star Vend on hiring spree, targets $1b valuation

Auckland-based software company Vend is on a push to hire 125 staff as it pushes into North America and other markets.

The cloud point-of-sale software maker currently has around 300 employees. Some 54 of the new hires will be in New Zealand, chief executive Alex Fala says.

The privately-held company won't share detailed financials, but Fala says there are now more than 25,000 retailers worldwide who pay to use its product, which allows a traditional cash register to be replaced by an iPad, and also helps small-to-medium businesses manage sales and inventory.

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