Checkout.com raises 206 million euros
Checkout.com, a London-based provider of online payment solutions has raised 230 million dollars (206 million euros). It’s Europe’s largest fintech Series A round ever, Ecommerce News reports. It’s the first time the payment solutions provider is taking funding from outside investors.
The funding round was led by Insight Partners and DST Global, while GIC, Blossom Capital and other strategic investors also participated in the round. With the money, Checkout.com wants to continue its growth in Europe, the US and the Middle East. It also wants to expand further into Asia and Latin America.
Checkout.com offers a cross-border payment solution for ecommerce companies. It offers access to domestic payment methods, major credit and debit cards, online banking, PayPal, Apple Pay and other e-wallets. Among its customers are major brands, such as Samsung, Getty Images, Deliveroo and Patreon.