[6] It has offices in Montreal, New York, Ottawa, Toronto, London, Belfast, Amsterdam, Berlin, Geneva, Ghent, Melbourne, Ulyanovsk, Yerevan and Tbilisi.

[7][8][9][10] Lightspeed was founded by Dax da Silva in 2005, with its headquarters in Montreal, to provide point-of-sale and e-commerce software for retail businesses.

[7][8] It has its offices in Montreal, New York, Ottawa, Toronto, London, Paris, Belfast, Amsterdam, Berlin, Geneva, Ghent and Melbourne.

The next month Lightspeed acquired Amsterdam-based eCommerce software developer SEOShop and announced that it would be expanding its product offering to serve both brick-and-mortar and online retailers.

SEOShop's eCommerce platform was rebranded as Lightspeed eCom and further refined to offer complete integration with the company's retail POS software.

The technology was a result of the company's acquisition of Toronto-based ReUp, a digital platform that allows business owners to build a branded loyalty program.

[34] On September 29 2021, short seller Spruce Point Capital Management publicly accused Lightspeed of exaggerating its finances to investors.

The firm alleged that Lightspeed has covered up "massive inflation" of how many customers it has, how much money it makes from them and how much growth potential it has.