Checkout.com acquires VC-backed ProcessOut

With the acquisition, ProcessOut’s team of 14 employees are joining Checkout.com’s team of 600. Checkout.com agreed not to disclose the terms of the transaction.

ProcessOut will continue to operate its payment-agnostic monitoring and smart routing solution.

Insight Partners and DST Global led a $230m series-A funding round for UK-headquartered payment processing software developer Checkout.com in May 2019. Singaporean sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst and a number of strategic investors also participated.

Previous funding
In February 2018, Checkout.com raised $1m in an angel round from Techstars, 50 Partners, Julien Quintard, Francis Nappez, Benjamin Blasco, Amirhossein Malekzadeh and Amadeo Brenninkmeijer, according to Crunchbase.

Previously, the company raised capital in a seed round of unspecified value from Techstars New York City Accelerator, Techstars and Alive Ideas in July 2016, according to Crunchbase.

Company
ProcessOut offers a smart router that facilitates international payment solutions and services. The company enables its users to find and connect with payment providers as well as analyses and controls its customers’ payment data. ProcessOut was founded in 2015 in France and currently is headquartered in New York.

People
Checkout.com – Guillaume Pousaz (founder).
ProcessOut – Grégoire Delpit (chief operating officer, founding partner).

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