{"id":4681,"date":"2022-01-13T05:53:48","date_gmt":"2022-01-13T05:53:48","guid":{"rendered":"http:\/\/egrowonline.com\/?p=4681"},"modified":"2022-01-13T05:53:48","modified_gmt":"2022-01-13T05:53:48","slug":"checkout-com-raises-1b-in-series-d-funding","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=4681","title":{"rendered":"Checkout.com Raises $1B in Series D Funding"},"content":{"rendered":"


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FinTech startup Checkout.com<\/a> raised $1 billion in a Series D funding round at a $40 billion valuation, 20 times more than the company was worth when it held its first fundraise in 2019, according to a press release<\/a> on Wednesday (Jan. 12).<\/p>\n

Primary investors include Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global and the Oxford Endowment Fund, among others. Checkout.com now has a valuation higher than Instacart and most other startups.<\/p>\n

The fresh infusion of capital will be used for U.S. growth, the rollout of new marketplace solutions, and strengthening its leadership in Web3.<\/p>\n

See also: Payments Startup Checkout.com Hires Meta Crypto Pro Meron Colbeci<\/a><\/strong><\/p>\n

Checkout.com was launched in 2012 as a cloud-based payments platform and has grown to become a merchant account provider specializing in processing international payments for eCommerce businesses. The company has raised $1.8 billion to date and now has more than 1,700 employees working in 19 offices around the world, including new locations in six countries across four continents.<\/p>\n

The company serves large-scale eCommerce merchants including Netflix, Grab, Pizza Hut and Sony, and FinTech unicorns such as Klarna, Qonto, Revolut and WorldRemit. The company also counts some of the biggest crypto companies as clients \u2014 Coinbase, Crypto.com, FTX and MoonPay.<\/p>\n

\u201cAt our core, we help enterprise merchants to navigate the complexity of moving money around the world, whether in fiat currency or bridging the gap to Web3,\u201d said founder and CEO Guillaume Pousaz<\/a>.<\/p>\n

Read more: New Study: Checkout Frictions Rise as Some Merchants Pull Back on Value-Adds<\/a><\/strong><\/p>\n

\u201cBy combining an elegant technology stack with industry expertise and an \u2018extra-mile\u2019 approach to service over the past decade, we\u2019ve built deep partnerships with some of the world\u2019s most innovative companies. Our Series D is validation of that work \u2014 but given we\u2019re still in \u2018chapter zero\u2019 of our journey, it will also fuel our efforts to unlock the enormous untapped opportunity ahead,\u201d Pousaz added.<\/p>\n

As global eCommerce continues outpacing the growth of traditional commerce, particularly as emerging technologies like cryptocurrencies and NFTs gain wider global adoption, Checkout.com is continuing to strengthen its position in the Web3 space.<\/p>\n

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NEW PYMNTS DATA: AUTHENTICATING IDENTITIES IN THE DIGITAL ECONOMY \u2013 DECEMBER 2021<\/span><\/strong><\/p>\n

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About:<\/strong>More than half of U.S. consumers think biometric authentication methods are faster, more convenient and more trustworthy than passwords or PINs \u2014 so why are less than 10% using them? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception versus use gap and identify ways businesses can boost usage.<\/p>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FinTech startup Checkout.com raised $1 billion in a Series D funding round at a $40 billion valuation, 20 times more than the company was worth when it held its first fundraise in 2019, according to a press release on Wednesday (Jan. 12). Primary investors include Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment […]<\/p>\n","protected":false},"author":1,"featured_media":4682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[39],"tags":[3499,901,518,309],"class_list":["post-4681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ico","tag-checkoutcom","tag-funding","tag-raises","tag-series"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/Checkout.com_-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4681"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4681\/revisions"}],"predecessor-version":[{"id":4683,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4681\/revisions\/4683"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/4682"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4681"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}