2Checkout Raises $60M

2CO2Checkout, a Columbus, OH-based global provider of payments-as-a-service, raised $60m in funding.

The round was led by Chicago Growth Partners and Trident Capital with participation by management and strategic individuals.

The company intends to use the funds to accelerate expansion of its global payments processing platform.

Founded in 1999 and led by Shawn Budde, CEO, 2Checkout provides e-commerce payment solutions serving more than 22,000 merchants worldwide. The company’s payment processing service is used by merchants to sell to every visitor to their website. It automatically localizes the checkout experience for each buyer, optimizing language, currency and payment methods maximizing sales conversions.
2Checkout’s payment processing services enables one-time and recurring billing in 196 countries, in 26 currencies, in 15 languages and with eight payment methods including credit cards, debit cards, PayPal, all optimized to the device in a PCI Level 1 compliant manner.



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