26 February 2020

Checkout.com makes first acquisition

Written By FinTech Alliance

Checkout.com makes first acquisition

Payment processor Checkout.com has acquired French startup ProcessOut

In Brief:

  • ProcessOut offers payments as a service.

  • It has analysed over $20bn transactions over the past 12 months.

  • The acquisition follows Checkout.com’s $230mn funding round.

What does this mean?

ProcessOut has a team of 14 which will join Checkout.com’s 600 staff. Checkout.com hopes that ProcessOut’s tools will help its enterprise customers optimise and streamline payment routing.

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