CellPoint Digital bags $30m to fuel development of new payment orchestration platform
CellPoint Digital, a UK-based paytech, has landed a $30 million investment from London-headquartered asset manager Toscafund and its private equity arm, Penta Capital.
CellPoint Digital secures $30 million investment
This strengthens the partnership between CellPoint Digital and the $4.5 billion-asset manager, which has supported the paytech with several investments, including a $25 million round closed in 2022.
CellPoint Digital has earmarked the capital injection to fuel the launch of its new Offer Order Service Delivery (OOSD) payment orchestration platform.
The new solution is specifically designed for the travel industry, offering real-time order management and fulfilment, data-driven personalisation, and payment-driven offer creation across all channels.
In addition, the funds will also support CellPoint Digital’s efforts to “accelerate its global expansion”, improve payment and money movement services, and grow its Alternative Payment Method (APM) hub, the company revealed.
Founded in 2007, CellPoint Digital operates offices in London, Miami, Copenhagen, Dallas, Dubai, Singapore and Pune. The company provides payment orchestration, embedded finance, and fraud management solutions for the air travel, hospitality and e-commerce sectors.
In October, CellPoint Digital strengthened its leadership team by appointing Michael Sørensen as chief technology officer (CTO). Sørensen had previously acted as the company’s head of tech operations.
