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Payment solutions are one of the valuable technologies humans ever created. Before the development of online payments, it wasn’t an easy job at all to transfer payment information securely between payment portals and purchases. Thankfully, this situation was changed by some payment gateways for the good.
Provides solutions and insights to win market share!
In this regard, Checkout.com is a provider of online payment solutions built on 100% proprietary technology and handles every part of the payment process providing complete transparency across the entire payment value chain.
Largest fintech Series A round in Europe !
Recently Checkout.com has secured $230 million (approx €206M) in what is Europe’s largest fintech Series A round ever, and globally the third largest fintech Series A round of all time. With this funding, the seven-year-old company has landed a valuation of almost $2bn (£1.5bn). Notably, the payment solutions provider received funding from outside investors for the first time in its history.
Founder Guillaume Pousaz said:
We have been fortunate to have some of the world’s leading investors approach us for some time but our focus has remained on building the very best suite of products we can for our merchants on four continents. Having built a sustainable business, one hire at a time, it was crucial to find partners that share our vision of how enterprise businesses will consume financial services in the future.
Third largest fintech Series A round globally ever!
This funding was led by growth investors New York’s Insight Partners, Hong Kong’s DST Global, Singapore’s sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst and other strategic investors. The company is planning to use the funding to accelerate its growth in Europe, the US and the Middle East, with further expansion into Asia and Latin America.
Guillaume Pousaz added:
Bringing world-class investors on board for our first funding round is a validation of everything the Checkout.com team has worked hard to achieve over the years and a way to flag just how serious we are about building a global leader that can serve any business, in any geography. Our objective remains to help our customers to grow their businesses, by providing them with the solutions and insights they need to win market share.
Following the fundraising, Deven Parekh, Managing Partner at Insight Partners and an early investor in Twitter, Alibaba and JD.com, will take a seat on the board.
Process more than 150 currencies!
The London-headquartered company works with global companies like Samsung, Easygroup, Getty Images, Deliveroo, Transferwise, Patreon and Virgin Active. It processes more than 150 currencies and has 345 staff, with nearly 200 based in London and the rest in the company’s eight offices. Its team is expected to triple over the next three years as the company expands its core business and moves into new product areas.
Tom Stafford, Managing Partner, DST Global, said:
Payments are a critical component of any online business. With the digital payments market expected to grow to $6 trillion by 2021, we believe Checkout.com can expand rapidly through its technology-driven and customer-centric payments solution. We are delighted to partner with Guillaume and the team.
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