CellPoint Digital Secures $30 Million Funding

CellPoint Digital has successfully secured $30 million in funding from Toscafund and Penta Capital, aimed at accelerating the launch of its Offer Order Service Delivery (OOSD) payment orchestration platform tailored for the airline retail sector. This investment will facilitate the company's global expansion and enhance its focus on optimizing payment services for clients, including recent partnerships with Riyadh Air and Sabre. CEO Kristian Gjerding emphasized that the funding underscores the growing demand for advanced payment solutions within the travel industry, where CellPoint Digital is a market leader. The new platform is designed to improve authorization rates and streamline customer payment options, addressing common pain points in the travel booking process. Additionally, the funds will support the expansion of CellPoint's Alternative Payment Method (APM) hub, catering to increasing service needs. The company has previously secured $25 million in funding from the same investors in 2022, reinforcing their ongoing support for CellPoint's growth strategy.