UK based online payments startup Checkout.com has tripled its valuation to $15 billion following a Series C funding round, making it the fourth largest fintech business globally.
The company, which provides merchants with a single platform combining payments, fraud monitoring and analytics, has raised $450 million in a fundraising led by Tiger Global Management, effectively tripling its valuation from its last funding round in June 2020.
The investment comes on the back of a series of impressive growth stats, which includes a tripling of payments processing volumes and the addition of 500 new merchant accounts.
Alongside traditional large-scale retailers, Checkout.com also provides the payments processing backbone for a host of innovative fintechs, including the likes of Klarna, Revolut, Transferwise, Coinbase, and eToro.
