CellPoint Digital, a London, UK-based global provider of digital commerce and payment solutions, received $25M in equity financing.
Toscafund and its private equity arm, Penta Capital, made the investment, which brought total funding to over $56M.
The funding will be used to extend the company’s global reach and penetrate new market verticals.
It also marks a strengthening of the relationship between the businesses. As a market leader in payment orchestration for travel, CellPoint Digital is now offering its platform to new markets including retail, gaming, crypto and digital content.
Led by Kristian Gjerding, CEO, CellPoint Digital is orchestrating payments across regions and payment methods to allow merchants to increase top-line revenue utilizing intelligent routing, increasing authorizations, and providing system uptime transparency. The system also adds value at checkout by delivering a frictionless payment experience, presenting customers with the payment methods they want to use, no matter where they are in the world.
Merchants can scale their own payment ecosystem across the world, unify the customer payment experience across their website, mobile apps and other channels, optimize the routing of each transaction, increase conversion rates and minimise payment costs.
CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore.