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Toscafund and Penta Capital invest ยฃ25m to boost CellPoint Digital's airline payment orchestration and global growth

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CellPoint Digital
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Kristian Gjerding
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Toscafund; Penta Capital
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ยฃ25m
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London, United Kingdom
Nov 21, 2024

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CellPoint Digital, a London-based payments tech leader for the travel and airline industries, has raised ยฃ25m in a growth round from Toscafund and Penta Capital. Founded by Kristian Gjerding, the company specialises in payment orchestration solutions, including its new Offer Order Settle Delivery (OOSD) platform, which streamlines payment processes, enhances revenue, and optimises customer experiences for travel brands.

The funding will drive global expansion, support existing partnerships with major players like Riyadh Air and Sabre, and enhance the companyโ€™s Alternative Payment Method (APM) hub. CellPoint Digital's solutions increase authorisation rates, reduce transaction costs through multi-acquirer models, and provide transparency across payment operations.

The OOSD platform modernises airline retailing by enabling real-time order management, personalised offers, and seamless payment integration. This funding positions CellPoint Digital for long-term scalability, meeting the growing demand for advanced payment technology across the travel sector. Investors praised the companyโ€™s strong market position and significant growth potential in the rapidly evolving travel ecosystem.

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