Checkout.com, London based online payment company has managed to become Europe’s most valuable Fintech firm, with a market value of $15 billion, it has raised a staggering $450 million in an investment led by Tiger Global Management.
For the second time the firm has managed to triple its valuation and its current value is around $15 billion, which makes Checkout.com fourth largest Fintech firm, internationally. It has become one of the most valuable private tech companies.
Tiger Global Management has led the funding for Checkout.com; it has also made investments in companies as Spotify, Zoom, Netflix and Facebook.
It integrates analytics, fraud monitoring and electronic payments, the London based company processes payments for big clients including Farfetch, Pizza Hut and H&M together with fintechs like Klarna Revolut and Coinbase.
The firm was established in 2012 and in last two years Checkout.com has raised $830 million in capital and it offers wide range of payment processing services in over 150 different currencies.
Checkout.com has made two key acquisitions one is that it has acquired Pin payments an Australian based competitor and the second one is a French payment firm ProcessOut, It has also invested in Thunes a Singapore based payment company.
The company plans to broaden its horizons in U.S with a new office opened in New York and another office set to open in Denver. It has offices in seventeen countries and around thousand staffs.
Guillaume Pousaz, CEO and Founder at Checkout.com, said:
“Payments affect everything from the customer journey to a business’s ability to enter new markets or launch new products,”
“This latest fundraise reflects our market-leading position and the size of our aspirations as we accelerate in our mission to empower merchants to build better products,”
“Drive more revenue and create innovative business models by reimagining interactions with financial services.”
