Payment startup Checkout.com valuation triples to $5.5bn
22nd June 2020, London– Leading global payment solution provider Checkout.com becomes one of the most valuable fintechs globally raises $150m in Series B funding round.
Tripling the valuation to $5.5bn reflects a growing business demand for transformative online payment solutions that perform across all geographies and channels.
Checkout.com’s online transaction numbers had already increased by 250% comparing May ‘19 and May ‘20. With an exclusive focus on online payments, global lockdowns have further accelerated Checkout.com’s growth as businesses have rapidly pivoted online.
The Series B funding was led by Coatue, along with participation from existing investors, including Insight Partners, DST Global, Blossom Capital, and Singapore’s Sovereign Wealth Fund, GIC.
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