Grant Bissett and Dominic Pym founded Pin Payments in 2013, aiming to provide an online payment processing solution for Australian SMEs.
The fintech reported it serves more than 12,000 businesses running across the country, including supporting online commerce platforms such as Shopify and WooCommerce.
Its team of 14 will join the Checkout.com staff across the company’s offices in Perth and Melbourne.
Checkout.com reported the acquisition, which is the second it has made, will bring it “strong” regional expertise and engineering resources to its workforce in the region, while it if offers international growth opportunities to Pin Payments.
Mr Bissett said the deal was the next phase of growth for Pin Payments.
“We’re delighted to be joining Checkout.com and look forward to continuing our work and delivering for merchants of all sizes here in Australia and across the region,” he said.
“Pin Payments was born out of our desire to offer businesses an easy way to get paid online and be on a level playing field with local and overseas competitors. This marks the next natural move for us and offers our merchants access to Checkout.com’s global acquiring footprint.”
Guillaume Pousaz, founder and chief executive of Checkout.com said Australia is a key market for his business.
“The acquisition of Pin Payments represents our investment to serve Australian entrepreneurs with world-class technology and a global acquiring network,” Mr Pousaz said.
“In Pin Payments, we found an awesome team who shared a similar dedication to solving problems for businesses with innovative financial technology.”
The deal has followed Checkout.com’s purchase of French start-up ProcessOut in February.
The company is also a member of the Libra Association, the network for Facebook’s digital currency.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
Sarah has a dual bachelor's degree in science and journalism from the University of Queensland.