5 years ago

Checkout.com Raises $150 Million at $5.5 Billion Valuation

  • Checkout.com, a London-based payments startup, has raised $150 million in Series B funding at a $5.5 billion valuation

  • The company's transaction volumes in May were up by 250% year-on-year, driven by the growth of e-commerce during the pandemic

  • Checkout.com helps merchants process online payments and connects them with major card providers

  • The funding will help Checkout.com compete with Adyen, a Dutch competitor that went public in 2018

  • Checkout.com has been profitable for several years and posted $2.3 million in global profits in 2018

  • The company's success is part of a broader trend in the fintech sector, where business-to-business payment infrastructure companies are seeing significant growth and investment.

      • ProblemFinancial Services

      "Businesses face friction and inefficiency when processing online payments, especially those operating across borders and currencies."

      Solution

      "Checkout.com provides a streamlined and global payment processing platform that connects merchants with major card providers, simplifying payments for businesses of all sizes."

      Covered on