Checkout.com acquires Australian startup Pin Payments
- Pin Payments was launched in 2013 and serves over 12,000 businesses
- Acquisition offers the Australian business community access to Checkout.com’s unified global acquiring footprint
- Australian business to consumer eCommerce market is worth $33.1bn
26th May 2020, Sydney – Leading global payment solution provider Checkout.com today announces the acquisition of Australian startup, Pin Payments. The move represents the next chapter of Checkout.com’s momentum across APAC as it continues to support both international and domestic merchants to grow their businesses.
Founded in 2013 by Grant Bissett and Dominic Pym, Pin Payments set out to support Australian entrepreneurs in the region to process online payments. Pin Payments created the first unified approach to payments for small to medium-sized businesses in Australia. They did so by making developer-friendly technology and a streamlined onboarding process - reducing time to market from weeks to days. It currently empowers over 12,000 businesses across the country contributing to the eCommerce boom in Australia.
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.
We’re delighted to be joining Checkout.com and look forward to continuing our work and delivering for merchants of all sizes here in Australia and across the region.”
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.
This marks the second acquisition Checkout.com has made, following its purchase of ProcessOut in February 2020. Most recently, Checkout.com also announced its membership of the Libra Association. Checkout.com has ten offices globally and currently employs over 700 people.