Checkout.com, a London-based Connected Payments solutions provider, closed a $450m Series C funding round.
The round, which gives the business a post-money valuation of $15 billion, was led by Tiger Global Management, with participation from Greenoaks Capital and existing investors Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, and Singapore’s Sovereign Wealth Fund GIC.
The company intends to use the funds to continue to expand across the globe, further grow its balance sheet and drive new innovative opportunities.
Led by Guillaume Pousaz, CEO and Founder, Checkout.com provides a cloud-based unified platform that enables merchants to manage payins and payouts at scale. Ecommerce businesses such as Farfetch, Mango, Victoria’s Secret, L’Occitane and The Hut Group and fintechs and cutting-edge businesses, including Klarna, Revolut, Transferwise, Coinbase, and eToro use it to get granular access to the data and pricing behind every transaction. The company provides payments solutions in more than 150 currencies, with in-country acquiring, fraud filters and reporting, through one API. Users can accept all major international credit and debit cards, as well as popular alternative and local payment methods.
In addition to the Series C funding announcement, Checkout.com is announcing the opening of its New York City office.
Launched in 2012, Checkout.com now has a team of 1000 people across 17 offices worldwide. The company, which first launched in the U.S. in 2017 and has operations in San Francisco, is also announcing an office in Denver. Globally, Checkout.com will hire an additional 700 people across all its locations in 2021.