CellPoint Mobile, a London, UK-based provider of digital commerce and payment solutions for airlines and travel companies across the globe, raised £11m in equity financing.
The funding was provided by Toscafund Asset Management and managed by Penta Capital, the private equity arm of Toscafund.
The company intends to use the funds to:
– further scale its team globally, and
– drive additional innovation into its platform, especially in the area of intelligent analytics.
Established in 2007 by Kristian Gjerding, CEO, CellPoint Mobile offers an integrated digital platform that enables travel merchants to optimize the full customer sales cycle (Promotion, Sell, Pay and Serve), increase sales conversions and offer a seamless customer experience across all digital channels.
Travel merchants can also implement the company’s payment platform to control and optimize their payment strategy. The payment platform provides access to a proprietary payment eco-system and enables fast implementation of alternative payment methods, global or local card schemes, and multiple acquirers.
The financing follows a strong period of expansion for the company over the past 12 months, during which time numerous new travel brands were added to its customer base. These include Southwest Airlines, GOL, Viva Air, and Ethiopian Airlines.
CellPoint Mobile now has 130 employees located across 7 offices and serves over 30 clients globally.