Hot on the heels of its merger with Italian FinTech Nexi, Nets has now acquired Finnish e-commerce company Checkout Finland.
Checkout Finland is a rapidly growing player in the Finnish payment landscape, serving both e-commerce and physical stores with a wide array of payment options, together with mobile payment solutions.
Checkout Finland has around 8,000 e-commerce merchants and is expecting close to €12m of revenues in 2020.
The acquisition was made via Finnish online payment pioneer Paytrail, which is part of Nets Group.
“The way we shop and transact online is somewhat different in Finland,” says Markus Laurio, CEO of Paytrail. “Not least because of the enduring popularity of direct bank transfers.
“Understanding and developing our offerings as the experts in Finnish e-commerce has always been our passion and we are happy to join forces with Checkout Finland to serve Finnish customers even better with our very strong capabilities and insights into Finnish digital payments.”
Copyright © 2021 FinTech Global
