Investment will fuel firm's Offer Order Service Delivery platform
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CellPoint Digital bags $30M in funding
Payment Orchestrator and payment solutions provider CellPoint Digital has secured $30 million in funding from Toscafund and Penta Capital.
This latest investment will accelerate the launch of CellPoint Digital's revolutionary Offer Order Service Delivery (OOSD) payment orchestration platform, purpose-built to power the Travel industry's transformation toward modern airline retailing.
With this round of funding, CellPoint Digital will accelerate its global expansion to meet the increasing worldwide demand for its services.
The investment will enable the company to intensify its focus on optimising payment and money movement services for its clients whilst expanding its Alternative Payment Method (APM) hub to service the growing needs of its partners.
It will support CellPoint Digital in delivering on its already won contracts, including the recently announced partnership with Riyadh Air, and fulfilling its growing partnership with Sabre.
"As our company has grown rapidly in the last few years, we have delivered our industry-first payment orchestration solution to more travel brands worldwide, supporting them in optimising payment processes, driving profitability, and improving their customers' experience," said Kristian Gjerding, CEO of CellPoint Digital.
"This latest investment from our valued partners at Toscafund and Penta Capital not only acknowledges our growth and the ongoing strong demand for our solutions in the travel industry but also paves the way for more global expansion and success within the market, positioning the company for long-term scalability."
"CellPoint Digital has continually solidified its leading market position and demonstrated its ability to expand aggressively and responsibly," says Steven Scott, founding partner of Penta Capital.
"As we forecast demand for CellPoint Digital's solutions to continue across the global travel sector, we are confident that this investment will represent another compelling growth opportunity."
