Checkout.com, a London-based cloud-based payments solutions provider, announces the acquisition of Estonian software development firm Icefire.

The acquisition of Icefire and their 110 technology engineers will join Checkout.com’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 payments company helps global enterprises achieve better performing payments to drive more revenue and deliver better customer experiences through a customisable platform. Customers of the company include the likes of Klarna, Revolut, and Wise.

To fuel its product and market growth, Checkout.com has invested heavily in its technology teams, targeting a 60% increase in technology and product employees in 2021

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.”

Featured image credit: Edited from Unsplash