Checkout.com buys Estonian software development firm

Online payments firm Checkout.com has acquired Estonian software development firm Icefire, adding 110 engineers to its team. Financial terms were not disclosed.

1 comment

Checkout.com buys Estonian software development firm

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Tallinn-based consultancy Icefire has experience developing financial services solutions for the likes of Skype, Swedbank, CoopPank and The Republic of Estonia’s Tax & Customs.

Checkout.com says that the deal - which makes Tallin its second largest engineering hub after London - will help it accelerate the delivery of key products and features as it works to keep up with strong customer demand.

The firm, which counts Klarna, Revolut and Wise among its clients, has seen transaction volumes triple in the last year and recently raised $450 million at a $15 billion valuation.

Ott Kaukver, CTO, Checkout.com, says: “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.”

Sponsored New Report – The Future of Embedded Finance in Africa 2025

Related Company

Keywords

Comments: (1)

A Finextra member 

Web applications are a complex but important part of any business. Having a secured and responsive web app can increase customer and employee engagement to multifold. These applications are commonly used in communication with customers, collaboration with employees, secure storage of data, and providing data and information to management. We at Hakuna Matata Solutions is an experienced web application development company that has been helping companies achieve their full potential in their respective field.

 

 

[Webinar] Why real-time payments are a game-changer for corporate banking servicesFinextra Promoted[Webinar] Why real-time payments are a game-changer for corporate banking services