Based out of London, Checkout.com develops software for businesses to process online payments in multiple currencies. Recently, the fintech company announced a $150 million (approx €133.2 million) Series B funding round, tripling the value of the online international payments business. As a result, Checkout.com has become one of the most valuable fintechs globally.
Strengthen the balance sheet!
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. The company will use this funding to further strengthen its balance sheet, bringing available cash to over $300 million (approx €266.3 million).