At $15bn valuation, becomes fourth largest fintech company in the world

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UK based online payments startup 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, also provides the payments processing backbone for a host of innovative fintechs, including the likes of Klarna, Revolut, Transferwise, Coinbase, and eToro.

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