Flowhub
“Can a cannabis-native, compliance-first POS become the financial operating system for dispensaries in a debanked, cash-heavy industry?”
Founded2015
HQDenver, CO (corporate office listed in Miami, FL per PitchBook)
FoundersKyle Sherman
Total raised~$50M
Latest roundStrategic, 2021
Valuation$200M+ (2021)
IndustryVertical SaaS / Cannabis Retail
The story
Founded 2015 in Denver as the first Metrc-integrated cannabis POS. Grew through Series A (2019) and a Jay-Z-backed strategic round (2021) to become the leading dispensary POS with 1,000+ retailers and $4B+ annual sales processed. Layered on Ecommerce, Marketing Suite, and an ACH payments integration with Aeropay to compensate for cannabis-industry debanking. In 2026 leaned into AI as a differentiator via an MCP server exposing Flowhub data to Claude/ChatGPT/Gemini.
Product timeline
2014
Kyle Sherman lobbies Colorado Department of Revenue for open API to Metrc· pivot
2015
Flowhub founded in Denver; Seed round led by Poseidon· banking
2016
First transacting dispensary; launches Nug mobile scanner· banking
2019
$23M Series A led by e.ventures and Evolv Ventures· banking
2021
$19M strategic funding with Jay-Z; valuation over $200M· banking
2021
Launches Flowhub Cash eWallet (Colorado closed-loop wallet with Makes Cents, LLC)· banking
2022
Launches Maui POS platform; Aeropay contactless payments integration· banking
2023
Achieves profitability· pivot
2025
Expands to POS-native Ecommerce and Marketing Suite· pivot
2026
Launches Flowhub MCP server for AI assistants (Claude, ChatGPT, Gemini)· pivot
The stack
5 layers disclosed in Flowhub’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Banking / BaaS
in the full report
Open banking
in the full report
Accounting
in the full report
Accounting gap: significant
4 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.