Checkout.com has raised $450mn Series C funding, seeing its valuation rise significantly.
In Brief:
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It’s now valued at $15bn – this has tripled from last time.
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The round was led by Tiger Global Management.
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It also involved Greenoaks Capital and existing investors.
What does this mean?
Briefly (from September last year) Checkout.com was ousted from the top spot at Europe’s most valuable FinTech by Klarna, which reached a valuation of $11bn. However, Checkout.com has now reclaimed its title and is also now the fourth highest valued FinTech in the world.
Checkout.com took advantage of a tumultuous year where many businesses needed to push their services online due to global lockdowns. It also added new customers such a Curve when many FinTechs had to migrate away from Wirecard in 2020.
