We’ve been working over the past three years to build the next generation of payments. It’s been an amazing adventure so far, shaped by many of you. Today we are excited to announce the next chapter in our journey. We will be joining Checkout.com, one of the leading global payment solution providers. We believe that joining the business is a great way to take our products to the next step and meet our global ambitions. The ProcessOut team will be joining Checkout.com and together, we will be able to shape the future of payments for the better.

Building the next generation of payments

When we launched the business three years ago, we set out to change the way that merchants scale, monitor and optimise their payment infrastructure. Along the way, we have been fortunate enough to meet some amazing and inspirational people, many who decided to join us as employees, mentors, customers and partners. With their support, we have built and scaled the organisation to where it is today. In 2019 alone, more than $20bn transactions were analysed by Telescope and over eight million transactions per month were routed with our Smart Router. In France, this meant we were involved in more than 10% of all online transactions last year. This data has informed many businesses and provided them with a greater level of insight into their payments performance.

Why we decided to join Checkout.com

We’ve known the Checkout.com team for some time, so when we began discussions, it was clear that they shared our passion for optimising and improving the payment chain. We felt that they were the right people to work with to help us take the product to the next stage and enable thousands of businesses to get value from our services. Together, we will look to bring value and elevate the performance of the broader payments ecosystem holistically for merchants globally.

Moving forward

We want to make clear, for our merchants currently using ProcessOut — nothing will change. We will continue to operate our payment agnostic monitoring and smart routing solution and you will have complete access to all of the products that you know and love. By joining Checkout.com we believe that we are taking a step closer to building the next evolution of payments for merchants — opening new possibilities and opportunities.

Thank you all for your amazing support and guidance over these past three years. We hope you will join us on the next exciting phase as we continue to do what we love — building great products.