Checkout.com, a NYC-based online platform that simplifies payments processes for large global enterprise merchants, raised $1 billion in its Series D funding round at a valuation of $40 billion.
Primary investors include Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global, the Oxford Endowment Fund, and another large west coast mutual fund management firm. Several other existing investors (Blossom Capital, Coatue Management, DST Global, Endeavor Catalyst & Ribbit Capital) also participated in this round.
The Series D capital will strengthen the balance sheet and drive three key initiatives: its growth plans for the US market; the continued evolution of its proprietary technology platform and solutions; and its goal to extend its lead in Web3.
Led by founder and CEO Guillaume Pousaz, Checkout.com offers a full-stack online platform that simplifies payments processes for large global enterprise merchants in more than 150 currencies. The solution can accept all major international credit and debit cards, as well as popular alternative and local payment methods. Today the company serves large-scale ecommerce and services merchants like Netflix, Farfetch, Grab, NetEase, Pizza Hut, Shein, Siemens and Sony; fintech unicorns such as Klarna, Qonto, Revolut and WorldRemit; and many of the world’s largest crypto players, including Coinbase, Crypto.com, FTX, and MoonPay.
Over the past year, the company opened new offices in six countries across four continents, expanded its executive leadership team in the US and Europe with a new CFO, CHRO, CMO, CPO, CRO and CTO, all while growing its overall employee base to more than 1700 people in 19 countries.
The company launched in 2012 and now has a team of more than 1700 people across 19 offices worldwide, offering local expertise where it’s needed.