Hoist Group, a privately owned Swedish company founded in 1994, is a technology consultancy specializing in broadcast professional services for the hospitality sector. Employing approximately 720 people, the company's focus is on providing technology solutions, such as hotel television and entertainment systems. In 2020, the company reported revenues under $10 million.
Hoist Group partnered with Klarna to create a retailer's guide on Buy Now Pay Later (BNPL) payments, noting the increasing popularity of BNPL options among shoppers. A report, the Global Shopper Sentiment Report 2023, surveyed over 7500 potential customers across 19 countries regarding online and in-store payment preferences and the importance of tax-free experiences. FC Luzern, using a new Hoist Group ecommerce platform, reported a 75% increase in sales compared to the previous year, just four months after implementation. The platform provided peace of mind regarding transaction payments, reconciliation, and refunds.
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Hoist Group offers products in the media tech industry. Hoist Group's product portfolio comprises of broadcast professional services.
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Hoist Group's revenues were less than $10M in 2020. All the revenue comes from broadcast systems integration products and services.
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