# Matthew Hyman

> Matthew "Matt" Hyman is a San Francisco payments entrepreneur and the co-founder and co-CEO of SpotOn. After building CardPayment Solutions and Central Payment with his twin brother, Zach, Hyman helped create SpotOn with Zach Hyman and Doron Friedman in 2017, combining payment processing with restaurant and small-business software. His public case for the company centers on giving smaller operators integrated tools, responsive support and the economic advantages usually reserved for larger businesses.

- **Role:** Co-Founder and Co-CEO at SpotOn
- **Organizations:** SpotOn, Central Payment, CardPayment Solutions, Productive Marketing, Inc.
- **Known for:** Co-founded three payment and merchant-technology companies: CardPayment Solutions, Central Payment and SpotOn., Sold CardPayment Solutions to iPayment and later sold the final Central Payment stake to TSYS at a reported $840 million valuation., Helped build SpotOn from a self-funded software spinout into a company valued at $3.6 billion in its 2022 Series F.

## Career timeline

- **2000** — Co-founded CardPayment Solutions with his twin brother, Zach Hyman.
- **2001** — Matthew and Zach Hyman and Productive Marketing settled FTC charges concerning auction-information-guide marketing. The settlement imposed consumer redress and business restrictions and expressly did not constitute an admission of a law violation.
- **2003** — The brothers exited CardPayment Solutions to iPayment.
- **2005-2006** — Co-founded Central Payment, a merchant-services provider serving small and midsize businesses.
- **2011** — The founders began developing the loyalty and customer-engagement software that became an early foundation for SpotOn.
- **2012** — Central Payment formed a joint venture with TSYS.
- **2017** — Co-founded SpotOn with Zach Hyman and Doron Friedman, spinning the software effort into a separate company.
- **2018** — Matt and Zach Hyman sold their final Central Payment stake to TSYS at a reported $840 million valuation and led a $20 million investment in SpotOn.
- **2020** — During the pandemic, SpotOn waived $1.5 million in software fees and released more than 400 product innovations and upgrades.
- **2021** — SpotOn raised a $125 million Series D and acquired Appetize, expanding into enterprise venues.
- **2022** — SpotOn raised a $300 million Series F at a $3.6 billion valuation.
- **2024** — Matt and Zach Hyman described SpotOn's strategy as technology delivered with a hospitality mindset in an FT Partners restaurant-tech interview.

## Achievements

- Co-founded three payment and merchant-technology companies: CardPayment Solutions, Central Payment and SpotOn.
- Sold CardPayment Solutions to iPayment and later sold the final Central Payment stake to TSYS at a reported $840 million valuation.
- Helped build SpotOn from a self-funded software spinout into a company valued at $3.6 billion in its 2022 Series F.
- Helped lead SpotOn's 2020 response, including $1.5 million in waived software fees and more than 400 product releases and upgrades.
- Expanded SpotOn from payments and loyalty into integrated point-of-sale, ordering, labor, reservations and business analytics.

## Latest updates

- **2024-04** — In a restaurant-technology interview, Matt and Zach Hyman said SpotOn was focused on combining cloud software with local support, implementation and training for restaurant operators.
- **2022-12** — Hyman published a company-values interview emphasizing "Be the Client," "Make It Personal" and "Think Big, Act Small."
- **2022-05** — SpotOn raised a $300 million Series F at a $3.6 billion valuation after reporting that its restaurant segment had tripled over the prior year.

## Links

- Website: https://www.spoton.com
- LinkedIn: https://www.linkedin.com/in/matthew-hyman-6821509

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Profile page: https://yespress.io/matthew-hyman
Published by YesPress — https://yespress.io
Last updated: 2026-09-27