London-based Checkout.com, a company that works with global businesses to optimise their payments with real-time data, has raised $450M (approx €368.9M) in its Series C round of funding. Post this round, the company has tripled its valuation and is now valued at $15B (approx €12.3B), making it EMEA’s most valuable venture-backed business and fourth-largest fintech globally.
Investors in this round
The Series C was led by Tiger Global Management, a New York-based technology investor that partners with dynamic entrepreneurs operating market-leading growth companies, such as Facebook, LinkedIn, Spotify, ByteDance, and JD.com.
In addition, Greenoaks Capital also joined the round along with participation from existing investors Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, and Singapore’s Sovereign Wealth Fund GIC.
Use of the funds
According to Guillaume Pousaz, CEO and founder of Checkout.com, the raised capital will accelerate the company’s mission to empower merchants to build better products, drive more revenue, and create innovative business models by reimagining interactions with financial services.