UK-based CellPoint Digital, an omnichannel payment platform that enables card-based payments and alternative payment methods and fintech platforms to deploy new payment methods rapidly, raised USD 25 million on 5th January 2022.
Investors: The investment round was led by Toscafund and its private equity arm, Penta Capital, bringing the total investment to USD 25 million.
Purpose of funding: The startup will use the funding to expand its global reach and penetrate into new markets.
About CellPoint Digital
Founded in 2017, CellPoint Digital is located in London, UK. CellPoint Digital is an omnichannel payment platform that enables card-based payments, alternative payment methods, and fintech platforms to rapidly deploy new payment methods. Users can accept multi-acquirer payments that offer new growth opportunities using the startup. The CellPoint Digital credit card processing technology increases top-line revenue by increasing authorisations, improving system uptime, and reducing the cost of accepting payments from abroad. The startup aims to offer a frictionless payment experience to each customer regardless of where they are located.
What does the team have to say
“The past few years have seen extraordinary growth for CellPoint Digital. We continue to experience strong demand from a range of enterprises wishing to optimise their digital payment and commerce solutions while countering the major challenges they face with existing providers to deliver quickly and cost-efficiently,” said Kristian Gjerding, CEO at CellPoint Digital.
“With a business foundation that is stronger than it’s ever been, the logical next step is to widen our global reach and penetrate new market verticals that stand to be transformed by our solutions.”
“Our expansion plan is exciting, and we are thrilled to partner with Penta Capital once again to further accelerate our company’s development,” said Paul Glover, CFO at CellPoint Digital.
“Toscafund has a great track record of investing in high-growth companies, and their commitment is testament to our market traction and growth potential by delivering high ROI digital solutions. The new investment will enable us to further scale our team globally as well as drive additional innovation into our unique platform.”
What the investors have to say
“We are delighted to finance this next stage of CellPoint Digital’s expansion. The company continues to solve the most critical problem that businesses face today: the optimisation of a customer’s entire path to purchase across all their digital channels,” said Steven Scott, Founding Partner at Penta Capital.
“Based on winning key new clients, and with the aggressive growth strategy and penetration into new sectors, we see yet another compelling growth opportunity and look forward to working together with CellPoint Digital’s experienced management team to support this new phase of development.”
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