Latest Funding Round Helps Checkout.Com Raises $450Mn And Achieve $15Bn Valuation

With the help of a $450 million Series C finding round with Tiger Global Management leading the round, the payments company is ready to raise its head once again.

Greenoaks Capital and all the existing investors in the company also participated in the finding round.

The aim of is to provide a platform to its users so that it acts as a o ne stop solution for everything linked to payments which includes accepting and processing transactions and fraud detection. The target of the company is large merchants as the company focuses on offering as customized a product as possible so that companies are able to integrate it into the product as an infrastructure partner.

The company has had a very chequered fundraising story.

The company was founded as a startup in London in 2012. Growth in the initial was slow and methodical. The company hired more people eveyr time it managed to generate some revenues.

“We can hire one employee this month. Now we can hire two employees this month,” founder and CEO Guillaume Pousaz said at TechCrunch Disrupt when thinking about the early days of the company.

The growth of the company continued till it managed to raise the one of the biggest Series A finding rounds ever by an European company at $230 million at a $2 billion valuation.  $150 million in funding at a $5.5 valuation was achieved by just a year later.

And based on the latest funding round, the market valuation of is now at $15 billion. The company claims to be the fourth largest fintech company of the world.

As of January 2020, there were 440 employees in the company while at the end of the year, there were 940 employees. And an additional 700 people have already been hired bt the company so far this year.

VC firms are a form of validation, says Pousaz even though here was actually no need for to raise capital through funding rounds to stay afloat. If a startup gets the backing of Insight, DST, Coatue, Tiger Global Management, etc., it is possible for the startup to talk with big prospects.

But in order to expand into other countries, the company needs a lot of money on its bank account.

“Today, we process billions every week,” Pousaz had said in an interview in December. “And when you process over a billion euros per week, your cash flow on your bank account increases significantly. So you need to be well capitalized for regulators.”

Pousaz also explained why investing companies keep making investments in a particular company or a startup.

“At any point you have a lot of visibility on what your next year is going to look like,” Pousaz told me. “It’s something that investors like because you can show them your pipeline and all your customers in your pipeline. If you forecast on the pipeline, it gives you a good idea of how much you’re going to generate in the coming year.”

(Adapted from

Categories: Economy & Finance, Entrepreneurship, Regulations & Legal, Strategy, Sustainability

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