Digital payments specialist CellPoint Digital has raised $25 million.
According to a release the investment has come from Toscafund and its private equity arm, Penta Capital.
The investors, who are not new to CellPoint Digital, have now invested a total of $56 million in the business having previously invested in 2019.
CellPoint Digital plans to use the funds to expand into new markets including retail, gaming, crypto and digital content.
Kristian Gjerding, CEO at CellPoint Digital says: “The past few years have seen extraordinary growth for 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.”
The investment will also go towards recruitment and platform development.
Steven Scott, founding partner of Penta Capital, adds: “The company continues to solve the most critical problem that businesses face today: the optimization of a customer’s entire path to purchase across all their digital channels.”