UK-based Fintech Checkout.com Gets $150M in New Funding, Valuation Jumps At $5 Billion!

: June 22, 2020

UK-based Fintech Checkout.com Gets $150M in New Funding, Valuation Jumps At $5B Billion!

 

 

LONDON, UNITED KINGDOM:

 

Checkout.com, a payment solutions provider that sells a software platform that makes it easier for businesses to process and take payments over the web. The startup helps companies accept more payments around the world through one integration.

 

The company raised $150M in a new Series B round led by Coatue, along with existing investors Insight Partners, DST Global, Blossom Capital and Singaporean sovereign wealth fund GIC also bought shares in the round. The latest round values the company at over $5B post-money. Checkout raised $230M in their previous Series A round on May 02, 2019, what was Europe’s largest fintech Series A round ever, and globally the third largest fintech Series A round of all time. The round valueed the company at over $1B.

 

Checkout.com provides an API-based platform for merchants to built checkout experiences accepting multiple forms of payments (currently numbering 150 currencies, all international cards and popular local payment methods), as well as fraud protection and reporting and other analytics around those transactions.

 

Checkout.com uses it's proprietary payment platform for faster processing, better reliability, and full access to customizable data streams. Processing 150+ currencies, they company has a direct access to Visa, Mastercard, American Express, all major international cards, as well as popular alternative and local payment methods.

 

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