British startup Checkout.com, an online payment processor, a member of Libra Association today announces the acquisition of Australian startup Pin Payments. The company did not disclose financial details of the deal.
The acquisition brings Checkout.com’s unified acquiring footprint to Pin Payments’ SMB merchants – offering them improved payments’ performance and international growth opportunities. For Checkout.com’s enterprise merchants, the acquisition brings strong regional expertise and dedicated engineering resources to its workforce across APAC.
Guillaume Pousaz, Founder and CEO of Checkout.com said: “Australia is a key market for our business. The acquisition of Pin Payments represents our investment to serve Australian entrepreneurs with world-class technology and a truly global acquiring network.
In Pin Payments, we found an awesome team who shared a similar dedication to solving problems for businesses with innovative financial technology. We look forward to welcoming them to our team and working together.”
Grant Bissett, Pin Payments said: “Pin Payments was born out of our desire to offer businesses an easy way to get paid online and be on a level playing field with the local and overseas competitors. This marks the next natural move for us and offers our merchants access to Checkout.com’s global acquiring footprint.
Pin Payments currently serves more than 12,000 businesses across Australia and New Zealand. It supports major online commerce platforms and shopping carts such as WooCommerce, Shopify, BigCommerce and Magento. Pin Payments’ team of 14 join Checkout.com’s team and will be split across their existing offices in Perth and Melbourne.
Checkout.com was the first payments firm to join Facebook’s Libra Association after Visa, Mastercard and Stripe exited the program in October. The company has ten offices globally and currently employs over 700 people.
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