Checkout.com acquires Estonian software development firm Icefire

By Megha Bhattacharya

Checkout.com, the leading cloud-based payments solutions provider, announced the acquisition of Estonian software development firm, Icefire. The acquisition of Icefire and its 110 technology engineers will join the company’s global technology teams to accelerate the delivery of key products and features.

The Tallinn office will become Checkout.com’s second-largest engineering hub, after its headquarters in London, UK. The investment will also serve Checkout.com’s merchants with in-market expertise, to empower Checkout.com’s merchants to scale easily in more global markets and achieve optimal payments performance. Many leading Estonian-based technology businesses are already powered by Checkout.com’s platform, including Wise, Monese and Bolt.

Ott Kaukver, Chief Technology Officer at Checkout.com, said: “Icefire has an outstanding track record of building complex, modular financial systems over the past 18 years. Their proven experience is complementary to what we are building at Checkout.com, to empower the enterprises with better payments.”

Recently, the FinTech announced the launch of their Barcelona office to serve as a headquarters for operations across Southern European markets, including Spain, Portugal, Italy and Greece. The company has a team of more than 1,100 people globally and 20 employees across its Porto and Barcelona offices and expects to double over the next 12 months in the Southern European region.

Checkout.com was also selected by British Home and Living Brand, The Cotswold Company as its new online payment service provider. The integration will give Cotswold Co.’s customers a range of payment methods. Customers can pay with Google Pay and Apple Pay new payment methods unlocked by the FinTech, thus offering customers flexibility and convenience, while unlocking additional revenue opportunities for the business.