Checkout.com, a London, UK-headquartered global payment solution provider, raised $150m in Series B funding.
The round, which valued the company at $5.5bn, was led by Coatue, with participation from existing investors, including Insight Partners, DST Global, Blossom Capital, and Singapore’s Sovereign Wealth Fund, GIC.
The company will use the funds to further strengthen its balance sheet, bringing available cash to over $300m, invest in the development of new innovative products, including its upcoming advanced Payouts solution and the capability to accelerate settlement times.
Led by CEO and Founder Guillaume Pousaz, Checkout.com provides a technology payments platform, granular data, and instant insights for global enterprises to launch new products in new markets and create outstanding customer experiences. They provide payments in more than 150 currencies, with in-country acquiring, fraud filters and reporting, through one API, and can accept all major international credit and debit cards, as well as alternative and local payment methods. Checkout.com launched in 2012 and now has a team of 750 people across 13 offices worldwide. The company has acquired two businesses this year, ProcessOut in February and Australian start-up, Pin Payments, in May.