Planet

Planet

Overview

About Planet

Simplify's Rating
Why Planet is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Financial Services

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

Helsinki, Finland

Founded

1985

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Simplify's Take

What believers are saying

  • Fiscal 2026 revenue hit $307.7 million, up 26%, with $15.5 million adjusted EBITDA.
  • Q1 fiscal 2026 revenue reached $66.3 million, and free cash flow was positive.
  • Japan tax-free reform and Italy modernization expand 2026 demand for Planet’s checkout stack.

What critics are saying

  • Workforce fell to 2,745 by March 2026, after repeated layoffs and restructurings.
  • Nexi partnership starts in Nordics first; rollout delays slash 2026 hospitality revenue.
  • If tax-free modernization stalls, Planet remains a commoditized payment processor.

What makes Planet unique

  • Planet combines payments, PMS integration, and tax-free services across hospitality and retail.
  • The April 29, 2025 Nexi partnership bundles acquiring with Planet’s vertical software.
  • Planet’s hospitality rollup, including Protel, Avantio, Ideosoft, and Rebagdata, deepens distribution.

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Benefits

Hybrid Work Options

Company News

PhocusWire
Jan 11th, 2023
Planet Expands Hospitality Footprint With Three Acquisitions

Hospitality software and payments services provider Planet has acquired three hotel software distributors: Ideosoft, Rebagdata and XN PMS Limited. The terms of the deals were not disclosed.London-based Planet says it acquired Protel in March 2022 to extend its reach in the hotel industry. The three companies it just acquired all re-sell Protel software to customers in Europe.“We’re continuing to invest in growing our hospitality business and cementing our leading position in the market as a provider of connected commerce solutions that enhance the guest experience and generate more revenue for hoteliers,” says Lennert De Jong, Planet's president of hospitality who joined the company in September after 16 years at CitizenM. . Get a dose of digital travel in your inbox each day

Rebag
Dec 12th, 2022
PLANET ACQUIRES REBAG DATA - rebag data

LinkedIn Facebook Twitter Planet acquires REBAG DATA to drive growth in the Swiss hospitality market   Acquisition adds over 1,000 hotel locations in Switzerland to Planet’s fast growing hospitality customer base Reinforces Planet’s position as a leading provider of connected commerce for hospitality Hoteliers better equipped to deliver memorable guest experiences, thanks to the integration […]

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