CellPoint Digital, a leading provider of payment solutions to the airline and travel industries and a global pioneer of Payment Orchestration, announced it has secured $30 million in funding from Toscafund and Penta Capital. This funding will accelerate the launch of CellPoint Digital’s Offer Order Service Delivery (OOSD) payment orchestration platform, which is built to power the travel industry’s transformation toward modern airline retailing.
This latest funding round proves the demand for advanced payment expertise and payment orchestration solutions in the global travel industry, where CellPoint Digital is the market leader. And the company’s position in the dynamic air travel, hospitality, cruise, OTA, and tour operator sectors is reinforced by its partnerships with prominent brands, including Virgin Atlantic, Southwest, Sabre, Cebu Pacific, avianca and most recently, Riyadh Air, VoePass and La Compagnie.
With this funding round, CellPoint Digital will accelerate its global expansion to meet the increasing worldwide demand for its services. This investment will enable the company to intensify its focus on optimizing payment and money movement services for its clients while expanding its Alternative Payment Method (APM) hub to service the growing needs of its partners. The expansion will support CellPoint Digital in delivering on its already-won contracts, including the recently announced partnership with Riyadh Air and fulfilling its growing alliance with Sabre.
CellPoint Digital’s payment orchestration solution helps travel brands increase revenue by improving authorization rates and providing a frictionless payment experience in the booking path, presenting customers with the payment methods they want to use, no matter where they are in the world. And the platform also enables merchants to adopt a multi-acquirer payments model that opens up new growth opportunities, uses intelligent routing to minimize transaction costs (especially on cross-border transactions), and provides control and transparency across all payment processes.
CellPoint Digital’s new OOSD platform represents a significant advancement in airline commerce capabilities, enabling:
— Seamless transition from legacy PSS to modern Offer and Order architecture
— Payment-driven offer creation and management across all channels
— Unified payment orchestration supporting diverse payment methods
— Real-time order management and fulfillment
— Data-driven personalization at scale
CellPoint Digital continues to enhance its offer and order retailing capabilities, operating in a travel landscape increasingly defined by new distribution capability (NDC). And this approach, embodied in the OOSD platform, has been crucial in securing partnerships with forward-thinking airlines like Riyadh Air and Southwest Airlines, positioning CellPoint Digital at the forefront of next-generation travel solutions.
KEY QUOTES:
“As our company has grown rapidly in the last few years, we have delivered our industry-first payment orchestration solution to more travel brands worldwide, supporting them in optimizing payment processes, driving profitability, and improving their customers’ experience. This latest investment from our valued partners at Toscafund and Penta Capital not only acknowledges our growth and the ongoing strong demand for our solutions in the travel industry but also paves the way for more global expansion and success within the market, positioning the company for long-term scalability.”
– Kristian Gjerding, CEO of CellPoint Digital
“CellPoint Digital has continually solidified its leading market position and demonstrated its ability to expand aggressively and responsibly. As we forecast demand for CellPoint Digital’s solutions to continue across the global travel sector, we are confident that this investment will represent another compelling growth opportunity.”
– Steven Scott, Founding Partner of Penta Capital
