Checkout.com

Checkout.com is an online payment operator based in London and launched in 2012. The platform helps you pay in online stores. It combines digital payments, analytics, and fraud monitoring (Credit Card Fraud).

History

2022: Raising $1 billion, estimated at $40 billion

In mid-January 2022, Checkout raised $1 billion as part of the Series D funding round. The company's valuation grew to $40 billion, which is 167% higher than in 2021.

Checkout was invested by Dragoneer, Altimeter Franklin Templeton, GIC,, Insight Partners Qatar Investment Authority,, Tiger Global Oxford Endowment Fund, as well as existing investors Blossom Capital, Coatue Management, the fund, Yuri Milner DST Global Endeavour Catalyst and Ribbit Capital.

Yuri Milner Foundation invested in the British platform for payment operations Checkout

Checkout plans to direct the funds raised to attract new customers and launch new products.

Combining a great stack of technologies with industry experience and a progressive approach to service over the past decade, we have established close partnerships with some of the most innovative companies in the world, "said founder and CEO Guillaume Pouza.

The possibility of issuing payments has opened up new opportunities for Checkout. In particular, in 2022, Checkout.com plans to support trading platforms and payment systems. This will be a comprehensive solution with identity verification and the ability to split payments so that market operators can get their share from each transaction. Customers of the trading platform will also be able to store funds directly on the trading platform. This opens up a lot of opportunities, since trading platforms can embed financial services directly into their products.

As with our approach in EMEA, we will continue to focus on enterprises, especially on financial technologies, software, food delivery, travel, e-commerce and cryptocurrencies. We aim to help our US customers grow at home and abroad, as well as help our customers outside the United States enter other markets, Checkout notes.[1]

2021: Raising $450 million investment, estimated at $15 billion

On January 12, 2021, Checkout.com announced the attraction of investments in the amount of $450 million and the receipt of a company estimate of $15 billion. The lead investor in the round of financing was. Tiger Global Management Also involved in the deal was the fund DST Global of the Russian billionaire, Yuri Milner who had previously invested in -. Britishfintechstartup

According to CNBC, in seven months, the estimated value of the Checkout.com almost tripled - from $5.5 billion after raising $150 million. The channel called Checkout.com the fourth most expensive non-public fintech company in the world.

DST Global Fund Yuri Milner invested in fintech company Checkout with a valuation of $15 billion

Checkout.com CEO Guillaume Pusa told Bloomberg that the company does not plan to enter the exchange this year, but it is possible that the IPO will take place in 2022. So far, according to him, investors are not putting pressure on the startup in this matter.

By January 2021, the Checkout.com operates in Europe, the USA, China, Australia, Singapore, Turkey and other countries. Among her clients are Samsung, Virgin and Adidas.

Checkout.com processes payments including Pizza Hut, Coinbase and Klarna. Almost half of the company's business falls on Europe, primarily the UK and France (by January 2021).

The company plans to enter the market in India and the Philippines. With the funds raised, she will also open two offices in the United States - in New York and Denver. She has a representative office in San Francisco.

In the $2 trillion electronic payments market, the company Checkout.com competes with the American Stripe and the Dutch Adyen, which became public in 2018.^[2]

Notes