Checkout.com Valued at Billion After Series D Funding Round
Global payments firm Checkout.com shared a $40 billion company valuation after completion of a $1 billion Series D funding round on Wednesday. So far the company has raised a total of $1.8 billion to date.
The latest round saw participation from Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, the Oxford Endowment Fund and more.
The U.K.-based will use the new liquidity to expand its operations in the U.S. market, improve its payment platform and “strengthen leadership in Web3,” according to the announcement.
Big news
We’ve just closed our $1bn Series D funding round at a $40 billion valuation. It will help drive our US growth, our platform evolution, and exciting work in Web3
Read more from our founder and CEO, @GuillaumePousaz
https://t.co/KiqE2Q5NGD pic.twitter.com/PEXmtN2Xkv
— Checkout.com (@Checkout) January 12, 2022
https://platform.twitter.com/widgets.js
Checkout.com founder and CEO, Guillaume Pousaz said:
“At our core, we help enterprise merchants to navigate the complexity of moving money around the world, whether in fiat currency or bridging the gap to Web3.”
Checkout’s partners with a number of large ecommerce and services merchants such as Netflix, Pizza Hut and Sony. It also plays an important role in the operations of large crypto players, including Coinbase, Crypto.com, FTX and MoonPay.
Checkout.com has grown rapidly in the past year having opened new offices in six countries across four continents. It also expanded its executive leadership team in the US and Europe while growing its total headcount to more than 1700 people in 19 countries.
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Source: igaming
