Payment processor Checkout.com has acquired French startup ProcessOut
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.