Checkout.com, a London, UK-headquartered payment solutions provider, raised $230m in Series A funding.
The round was led by Insight Partners and DST Global, with participation from Singapore’s sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst and other strategic investors. In conjunction with the funding, Insight Partners’ Deven Parekh joined Checkout.com’s board.
The company will use the funding to continue its rapid growth in Europe, the US and the Middle East, with further expansion into Asia and Latin America.
Founded by Guillaume Pousaz, Checkout.com provides fintech companies with a cross-border payment solution for digital commerce. The business offers direct access to domestic acquiring across payment methods and geographies, including all major credit and debit cards, online banking, PayPal, Apple Pay and other eWallets. This is achieved through a unified integrated platform which also provides fraud management tools, analytics and comprehensive reporting features.
The company serves Samsung, Easygroup, Getty Images, Deliveroo, Transferwise, Patreon and Virgin Active amongst others.
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.