Checkout.com has just completed its Series D funding round, which leaves the firm valued at $40bn.
It raised $1bn in the funding round.
Investors include Altimer, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global and the Oxford Empowerment Fund.
Many of the company’s existing investors also took part.
What does this mean?
Following on from a Series C round only a year ago, the business has now raised a total of $1.8bn to date. Checkout.com is already profitable and will use the further investment to drive growth in the US market, continue to develop its tech solutions, and “remain on the cutting edge of Web3”.