British payment solution provider Checkout.com has acquired Pin Payments, an Australia-based online payment platform serving small businesses.
Financial terms of the transaction were not revealed.
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As part of the deal, the 14-member team of Pin Payments will move to Checkout.com.
The team will now be split across its two existing offices in Perth and Melbourne.
Checkout.com founder and CEO Guillaume Pousaz 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.”
Pin Payments was set up in 2013 by Grant Bissett and Dominic Pym.
The firm caters to over 12,000 businesses across Australia and New Zealand.
Its clientele includes WooCommerce, Shopify, BigCommerce and Magento.
Checkout.com said that the takeover offers its unified acquiring footprint to the SMB merchants of Pin Payments, thereby boosting international growth opportunities.
Last month, Checkout.com joined the Libra Association, a digital currency project backed by social media giant Facebook.
The firm was also in the news earlier this year for its purchase of French payments firm ProcessOut.
