CellPoint Digital raises $30M to additional develop its cost options

Funds specialist CellPoint Digital has secured $30 million in funding to hurry up the launch of its cost optimization platform for airline retailing.

The funding within the London-based firm, which was based in 2007, got here from Toscafund and its personal fairness department Penta Capital.

Cellpoint Digital’s CEO Kristian Gjerding described the funding as proof of the corporate’s progress and the demand for its options within the {industry}.

“As our firm has grown quickly in the previous couple of years, we have now delivered our industry-first cost orchestration resolution to extra journey manufacturers worldwide, supporting them in optimizing cost processes, driving profitability and enhancing their prospects’ expertise,” Gjerding stated.

Toscafund and Penta Capital additionally contributed $25 million in funding to CellPoint Digital in 2022.

With its Provide Order Service Supply funds expertise, the corporate goals to assist transfer the {industry} towards fashionable airline
retailing.

The expertise is supposed to assist manufacturers increase income by enhancing authorization charges and offering a smoother cost expertise throughout reserving, giving prospects extra cost choices and enhancing the shopper expertise.

In line with CellPoint Digital, the expertise ought to give retailers the power to show to a multi-acquirer funds mannequin, which may assist foster progress, reduce prices and supply management and transparency throughout funds. 

With the funding, the corporate additionally plans to speed up its
world growth and increase its Different Cost Technique (APM) hub. 

CellPoint Digital lately established a partnership with Riyadh Air and is increasing its partnership with Sabre.