Fast-growing tech company works to improve RI’s economy

PROVIDENCE, R.I. (WPRI) – One Providence technology company says it wants to take the capital city by storm and improve the state’s economy at the same time.

If you take one look around Swipely you may think you’re in a Providence coffee shop or sports bar, but don’t be fooled by the casual atmosphere. Swipely Founder and CEO Angus Davis said that was the vibe he was going for when he started the company in 2010.

“We have lunch brought in every day, we have a beer fridge, the dress code is to dress, but we’re also a place where folks can see the impact of their work each day,” he explained.

Davis calls the Providence company a piece of the Silicon Valley, right here in the Ocean State. The Bristol native worked in San Francisco for 10 years, and is now hoping his technology company can make a big impact in the country’s smallest state.

“We help local merchants like restaurants and retailers understand their customers better and use that understanding to help them grow their sales,” said Davis.

Local clients like Hot Club, Julian’s, and Gracie’s, have already jumped in, as well as companies in 40 states across the country.

As a whole, Swipely is growing quickly and is now at over 100 employees. That’s a large jump from the 30 workers the company employed in 2010.

On Thursday, Swipely announced an additional $20 million in venture capital funding.

“It will enable us to continue aggressively growing out team here in Providence,” said Davis, “We’re excited to be a good news story of a company that’s adding a lot of jobs instead of the other way around.”

Swipely is hiring for numerous positions. At any given time, there could be 15 jobs available. Their goal is to have 135 people working for Swipely by the end of 2014.

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