Global payment solution provider Checkout.com announced on Monday it secured $150 million through its Series B funding round, tripling its valuation to $5.5 billion. The funding round was led by Coatue, along with participation from existing investors, including Insight Partners, DST Global, Blossom Capital, and Singapore’s Sovereign Wealth Fund, GIC.
Founded in 2012, Checkout.com helps companies accept more payments around the world through one integration. Its global payment processing platform features in-country acquiring, relevant payment methods, feature parity across geographies, fraud filters, and reporting features, through one API. The company recently secured its E-Money Institution license in France by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). While sharing more details about the company, CEO and Founder of Checkout.com, Guillaume Pousaz, stated:
“The way money moves into and out of businesses is changing rapidly. I believe that by solving financial complexity, you can radically unlock innovation — starting with digital payments. At Checkout.com, we’ve built a technical architecture that enables pioneers to reinvent industries and redefine their relationship with consumers. Now more than ever, we are confident of our mission to build the connected payments that businesses deserve.”
Checkout.com further revealed that it has processed more than 150 currencies and offers access to all international cards and popular local payment methods to merchants through its proprietary integrated platform. The company employs over 750 staff across 13 offices globally. Checkout.com has acquired two businesses this year, ProcessOut in February and Australian start-up, Pin Payments, in May.