Checkout.com makes first acquisition as it snaps up ProcessOut

London-based payment solutions provider Checkout.com has acquired French PayTech startup ProcessOut. Terms of the deal were not disclosed.

This is its first acquisition and follows last year’s $230 million Series A funding round, which valued the company at nearly $2 billion.  

“Whilst we always believe in organic growth, we respect businesses who have built great tech and managed to generate momentum. With over $20 billion worth of transactions analysed in 2019, ProcessOut fits in this category and as such we are delighted to make them our first acquisition,” says Guillaume Pousaz, Founder and CEO, Checkout.com.

“Combining their expertise and features with our platform will allow us to offer our global merchants a deeper set of actionable insights to improve their acceptance rates and maximise the cost efficiency of their payments.”  

The ProcessOut team of 14 will now join Checkout.com's Paris and London offices. 

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