Payments processor Checkout.com raises US$450m in new funding, valuation jumps to US$15bBusiness | 12 Jan 2021 3:33 pm
Checkout.com, the leading connected payments solutions provider, said closed a US$450 million Series C fundraising round.
This gives the business a post-money valuation of US$15 billion, making it the fourth largest fintech globally and EMEA’s most valuable venture-backed business.
The Series C was led by Tiger Global Management, LLC, a New York-based technology investor that partners with dynamic entrepreneurs operating market-leading growth companies, including Facebook, LinkedIn, Spotify, ByteDance, and JD.com.
Greenoaks Capital also joined the round along with participation from existing investors Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, and Singapore’s Sovereign Wealth Fund GIC.
Guillaume Pousaz, CEO and Founder of Checkout.com said that this latest fundraise reflects “our market-leading position and the size of our aspirations as we accelerate in our mission to empower merchants to build better products, drive more revenue and create innovative business models by reimagining interactions with financial services.''
He said the new investors bring a wealth of experience across payments, technology and scaling companies – crucial knowledge for the next stage of growth, “as we continue to build our vision for the future of Connected Finance.”