Toolstop
“Can a legacy UK trade-tools retailer win online market share by delivering a best-in-class checkout experience and payment acceptance for tradespeople?”
Founded1965
HQUnited Kingdom
IndustryE-commerce / Retail
The story
Toolstop was founded in 1965 as a direct supplier of trade tools and hardware for tradespeople in the UK. Over the decades it evolved into one of the largest online suppliers of power tools in the UK. The company's embedded finance evolution has centred primarily on optimising card payment acceptance, with its November 2020 migration to Checkout.com resolving a material card-processing gap that was suppressing online revenue.
Last 12 months
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Product timeline
1965
Toolstop founded as a direct supplier of trade tools, accessories and hardware products in the UK.· pivot
2020
Toolstop partnered with Checkout.com in November 2020, resulting in a 19% increase in card payment acceptance rates and £22k extra revenue per month.· banking
The stack
Payments / PSP
Accounting gap: none