London based payment platform that raised a $230m Series A last year has acquired its first startup, ProcessOut, which has built a smart routing checkout module that works with dozens of payment providers.
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Checkout.com acquires payment optimization startup ProcessOut
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That combination of data visualization and smart routing helped them score some big clients, such as Glovo, Veepee, Rakuten.fr and Dashlane. In 2019, ProcessOut tracked 10% of online transactions in France. Transactions representing $20 billion have been analyzed by ProcessOut over the past 12 months.
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