Total amount raised
$1.8 Billion
Latest funding date
1/1/2022
Location
Checkout.com has successfully raised funding over four rounds, with the latest being a Series D round. The company is backed by 14 investors, including Franklin Templeton and Ribbit Capital.
Keep reading to explore the intricacies of Checkout.com's fundraising journey and the investors backing this innovative platform.
What Is Checkout.com?
Checkout.com is a global provider of payment solutions, headquartered in London, England. The company operates in the FinTech, Payments, and Transaction Processing industries, offering a range of products designed to optimize payment performance and manage fraud and compliance.
Founded with a mission to help businesses and communities thrive in the digital economy, Checkout.com has grown to employ between 1001 and 5000 people. The company supports over 150 processing currencies and has a significant presence in Europe, North America, the Middle East, and Asia-Pacific.
How Much Funding Has Checkout.com Raised?
- Series A
- Amount Raised: USD 230,000,000
- Date: May 2019
- Lead Investors: DST Global, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial growth and development in the digital payment solutions market.
- Series B
- Amount Raised: USD 150,000,000
- Date: June 2020
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the company's platform and services amid growing demand for digital payment solutions.
- Series C
- Amount Raised: USD 450,000,000
- Date: January 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: USD 15,000,000,000
- Motivation Behind the Round: To support the company's growth amid the e-commerce boom and to enhance its platform and services.
- Series D
- Amount Raised: USD 1,000,000,000
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 40,000,000,000
- Motivation Behind the Round: To scale up operations, particularly in the US market, further develop its payment platform, and enhance its Web3 initiative.
Total amount raised: USD 1,830,000,000. Current valuation: USD 40,000,000,000.
Key Investors
- Franklin Templeton
- Details: Franklin Templeton is a global investment management organization known for its mutual funds and other investment products. It participated in Checkout.com's Series D funding round.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Moderna, Alphabet, Microsoft.
- Ribbit Capital
- Details: Ribbit Capital is a venture capital firm focused on financial technology. It participated in Checkout.com's Series D funding round.
- Investment Focus Areas: Financial technology.
- Notable Investments: Robinhood, Coinbase.
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore to manage its foreign reserves. It participated in Checkout.com's Series D funding round.
- Investment Focus Areas: Equities, fixed income, real estate, private equity.
- Notable Investments: Alibaba, UBS.
- Qatar Investment Authority
- Details: The Qatar Investment Authority is the sovereign wealth fund of the State of Qatar, investing in a wide range of asset classes and regions. It participated in Checkout.com's Series D funding round.
- Investment Focus Areas: Global investments across various sectors.
- Notable Investments: Volkswagen, Barclays.
- Dragoneer
- Details: Dragoneer is an investment firm focused on long-term investments in technology companies. It participated in Checkout.com's Series D funding round.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Airbnb, DoorDash, Spotify.
What's Next for Checkout.com?
Checkout.com is poised to seize substantial opportunities, particularly in the U.S. market, where the demand for advanced payment solutions is high. The company is also venturing into the Web3 space, focusing on digital currencies and decentralized technologies. These initiatives could significantly enhance its market presence and technological capabilities.
Future fundraising opportunities appear promising, given Checkout.com's rapid growth and recent successful funding rounds. The company is likely to attract further investments to support its expansion and innovation efforts, particularly in the U.S. and Web3 markets.
However, Checkout.com may face challenges such as navigating regulatory complexities, intense competition, and ensuring the security and reliability of its platform. Adapting to rapidly changing technologies and market demands will be crucial for sustaining its growth trajectory.
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