GrubMarket completed the acquisition of IOT Pay.

GrubMarket, an online marketplace, completed the acquisition of IOT Pay, a provider of online and offline omnichannel payment systems. Financial terms were not disclosed. "We work with many companies in the foodservice and grocery space and have seen firsthand how impactful it is to build effective fintech solutions for one of the oldest industries in the world. GrubMarket originally invested in us to help accelerate our vision to be a top payments solution provider. Now, we are thrilled to join the GrubMarket team and deeply integrate with GrubMarket's best-in-class eCommerce and software ecosystem to create more value with our payment solutions and financial services for companies operating throughout the food supply chain," Leo Chen, IOT Pay Founder and CEO.