Toscafund and Penta Capital back CellPoint Digital with a £18.5m growth private equity injection.
CellPoint Digital provides payment orchestration platforms for the airline and travel sectors.
CellPoint Digital has secured £18.5m in growth private equity financing from Toscafund and its private equity arm Penta Capital. The transaction brings the backers total investment in the firm to over $56m following their initial backing in 2019. The fresh capital will be deployed to broaden the company international footprint and enter new market verticals such as retail, gaming, and crypto.
The London-based business offers a payment orchestration platform designed to help merchants route transactions, improve authorisation rates, and reduce cross-border processing costs. The latest investment follows a period of notable commercial success and aims to support the firm as it scales its operations and develops its technology further.
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Continue product development
Investors
About the company
CellPoint Digital
CellPoint Digital develops payment orchestration software for airlines and travel companies.