Authorization acquires payment optimization startup ProcessOut, the quiet London-based payment platform, has acquired its first startup, ProcessOut. surprised everyone last year when it announced a gigantic $230 million Series A round. It turns out the payment processing boom is not over yet. focuses on enterprise clients with customers all around the world. It provides a full-stack payment service, from accepting transactions, processing them and detecting fraud. It helps you with reconciliation thanks to an API and a reporting hub.
The startup is particularly efficient when it comes to supporting multiple currencies and payment methods. You can accept payments in over 150 different currencies. supports debit and credit cards, Apple Pay, Google Pay, local payment methods, such as Klarna, iDEAL and Giropay, e-wallets, such as PayPal and Alipay.
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