This the first acquisition for the London-based fintech company after their $230 million Series A funding round in 2019
Checkout announced the acquisition of ProcessOut, a French technology startup. ProcessOut will join Checkout business to boost its service offering for enterprise merchants processing payments worldwide.
Its technology provides companies with a dashboard to monitor and benchmark payment processing capabilities. In addition to that, a smart router optimizes payment processing in real-time to enhance performance and reduce costs.
The ProcessOut team will join Checkout’s growing Paris and London offices. Along with that, Checkout, which has 11 offices around the world, revealed its plans to expand the company from 600+ employees to 1000 over the next year.