CellPoint Digital raises $30m from Toscafund and Penta Capital to expand its payment orchestration platform for airlines
The funding round was led by Toscafund and Penta Capital to drive international growth and modernise airline retailing.
≈ £23.9M at $1 = £0.7975 on 25 Nov 2024
CellPoint Digital provides payment orchestration platforms for the airline and travel sectors.
CellPoint Digital has secured $30m in funding from Toscafund and Penta Capital to modernise airline retailing and expand its international presence. The capital will support the company as it scales its operations and services existing agreements with carriers such as Riyadh Air.
The London-based business builds payment orchestration technology designed to help airlines manage cross-border transactions, reduce costs, and improve authorisation rates. This latest injection follows a $25m raise in 2022.
The funding will also allow CellPoint Digital to grow its Alternative Payment Method hub and develop its OOSD platform for modern offer and order architecture.
From the founder
"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"
Kristian Gjerding
CEO at CellPoint Digital
Investor perspective
"CellPoint Digital has continually solidified its leading market position and demonstrated its ability to expand aggressively and responsibly"
Steven Scott
Founding Partner, Penta Capital
Use of funds
- 01Expand into international markets
Investors
About the company
CellPoint Digital
CellPoint Digital develops payment orchestration software for airlines and travel companies.