CellPoint Digital Secures $30 Million to Transform Airline Retail

CellPoint Digital, a leader in payment solutions for the travel industry, has secured a $30 million investment from Toscafund and Penta Capital. The funding will accelerate the launch of CellPoint Digital's Offer Order Settle Delivery (OOSD) payment platform, which aims to modernize airline retailing. This investment underscores the increasing demand for advanced payment solutions in the travel sector, where CellPoint Digital maintains a strong presence with partnerships with major airlines like Virgin Atlantic and Southwest Airlines. The funds will also support CellPoint Digital's global expansion, enabling the company to meet the rising global demand for its services. The company's CEO, Kristian Gjerding, emphasized the importance of this investment in driving global growth and long-term scalability. CellPoint Digital's OOSD platform offers features like seamless transition from legacy systems, real-time order management, and data-driven personalization, which are crucial for modern airline commerce. Toscafund Asset Management, a specialist investment manager, adds this investment to its portfolio, which focuses on sectors like financials, payments, and growth capital for private companies.