Digital commerce and payments company CellPoint Digital has announced a $25 million funding round led by Toscafund and its private equity arm Penta Capital.

The move follows a series of investments by the companies into CellPoint Digital following their initial investment in 2019 and brings their total investment to over $56 million.

UK-based CellPoint traditionally specialised in payments for travel, but is now offering platforms to new markets, including retail, gaming, crypto, and digital content.

“The past few years have seen extraordinary growth for CellPoint Digital,” said Kristian Gjerding, chief executive, CellPoint Digital. “We continue to experience strong demand from a range of enterprises wishing to optimise their digital payment and commerce solutions, while countering the major challenges they face with existing providers to deliver quickly and cost-efficiently.”

Gjerding added: “With a business foundation that is stronger than it’s ever been, the logical next step is to widen our global reach and penetrate new market verticals that stand to be transformed by our solutions.”

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