Checkout.com, a London, England-based company that offers a full-stack online platform that simplifies payments processes for large global enterprise merchants, raised $1 billion in its Series D funding round at a valuation of $40 billion.
Primary investors include Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global, the Oxford Endowment Fund, and another large west coast mutual fund management firm. Several of the company’s other existing investors also participated in this round.
Funds will be used in three key areas: US market growth, marketplaces solution launch, and strengthening leadership in Web3.
Company: Checkout Ltd
Raised: $1.0B
Round: Series D
Funding Month: January 2022
Lead Investors: Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global, and the Oxford Endowment Fund
Additional Investors:
Company Website: https://www.checkout.com/
Software Category: Payment Processing Software
About the Company: Checkout.com is an online payment platform that focuses on accepting more transactions, currencies, and payment methods through one integration, providing complete transparency across the entire payment value chain. Checkout serves clients worldwide.Checkout.com provides the fastest, most reliable payments in more than 150 currencies, with in-country acquiring, world-class fraud filters, and reporting through one API. Checkout.com can accept all major international credit and debit cards, as well as popular alternative and local payment methods. The company launched in 2012 and now has a team of more than 1700 people across 19 offices worldwide, offering local expertise where it’s needed.
Source: https://www.checkout.com/newsroom/news/checkout.com-raises-1-billion-in-series-d-amid-major-us-market-push