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    Home»Funds»Fintech firm Checkout.com’s valuation touches $40 bln after latest funding
    Funds

    Fintech firm Checkout.com’s valuation touches $40 bln after latest funding

    January 13, 20221 Min Read
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    Checkout.com said its valuation more than doubled to $40 billion in a year, following a $1 billion investment in the financial technology company that will be used to launch products and further its involvement in the so-called Web3 space.

    Several new and existing investors including Altimeter, Dragoneer, Franklin Templeton, Singapore’s GIC, the Qatar Investment Authority, Tiger Global, the Oxford Endowment Fund, and a “large West Coast mutual fund management firm” participated in the round, the company said on Wednesday.

    The fundraise comes a year after the London-based company’s previous round of investment, in which it raised $450 million and notched a valuation of $15 billion.

    Founded in 2012, Checkout.com offers electronic payment solutions that simplify payment processes for businesses. The company, which serves high profile names such as Netflix Inc , Grab Holdings and Coinbase Global Inc , also offers fraud monitoring services on its platform.

    Read more/Source: Reuters

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