Travel-industry-focused payment orchestration firm CellPoint Digital has raised $30 million in new funding.
The financing, from Toscafund and Penta Capital, will help speed the launch of CellPoint’s Offer Order Service Delivery (OOSD) payment orchestration platform, created to power the travel industry’s transformation toward modern airline retailing, the company said in a Thursday (Nov. 21) news release.
“This latest funding round highlights the growing demand for advanced payment expertise and payment orchestration solutions in the global travel industry, where CellPoint Digital stands as the market leader,” CellPoint said in the release.
The company said the new funding will allow it to intensify its focus on optimizing payment and money movement service for clients while expanding its alternative payment method hub.
PYMNTS spoke earlier this week with CellPoint Digital CEO Kristian Gjerding about the challenges of simplifying payments in the travel…
