CellPoint Digital, a London, UK-based provider of payment solutions to the airline and travel industries and a global developer of payment orchestration solutions, raised $30M in funding.
The round was led by Toscafund and Penta Capital.
The company intends to use the funds to accelerate its global expansion to meet the increasing worldwide demand for its services.
Led by CEO Kristian Gjerding, CellPoint Digital provides a payment orchestration solution that helps travel brands increase top-line revenue by improving authorisation rates and providing an innovative payment experience in the booking path, presenting customers with the payment methods they want to use, no matter where they are in the world. The platform also allows merchants to adopt a multi-acquirer payments model that opens up new growth opportunities, uses intelligent routing to minimise transaction costs (especially on cross-border transactions), and provides control and transparency across all payment processes.
Its new OOSD platform represents an advancement in airline commerce capabilities, enabling:
- Transition from legacy PSS to modern offer and order architecture
- Payment-driven offer creation and management across all channels
- Unified payment orchestration supporting diverse payment methods
- Real-time order management and fulfilment
- Data-driven personalisation at scale
The company’s partnerships include Virgin Atlantic, Southwest, Sabre, Cebu Pacific, avianca and most recently, Riyadh Air, VoePass and La Compagnie.
FinSMEs
21/11/2024