Cents Raises $40M for its All-In-One Solution for Garment Care Businesses

The garment care market is substantial, with an annual value of approximately $60B. Despite this large addressable market, the industry has seen limited vertical integration among service providers. Cents is addressing this gap by offering an operating system for garment care and repair businesses. This comprehensive platform integrates hardware, payments, and software, providing business owners with a single solution that offers unprecedented control over their operations. The platform is versatile working with businesses large and small with a wide array of garment care businesses including traditional laundromats, dry cleaners, laundry centers in shared spaces like colleges, hotels, and apartment buildings, tailors, and cobblers.  Cent’s unified all-in-one solution handles point of sale including embedded payments, business operations, machine integration, and even pickup for over 2700 retail laundry locations across the country and 3500 shared laundry rooms. AlleyWatch caught up with Cents CEO and Cofounder Alexander Jekowsky to learn more about the business, the company’s strategic plans, latest round of funding, and much, much more…