Series A2 May 2019

Checkout.com raises 175.33 million in a Series A round led by Insight Partners and DST Global to fuel international expansion.

The record-breaking Series A round was led by Insight Partners and DST Global with participation from GIC and Blossom Capital.

£175MSeries A

Checkout.com offers a full-stack online platform that simplifies payment processes for large global enterprise merchants. The company provides cloud-based payment solutions connected directly to local networks in key geographies.

Checkout.com has secured 175.33 million in Series A funding led by Insight Partners and DST Global. Additional participation in the record-breaking round came from GIC, Blossom Capital, Endeavor Catalyst, and other strategic investors. The company intends to direct the capital toward supporting its continued growth across Europe, the United States, and the Middle East, alongside future expansion into Asia and Latin America.

The London-headquartered business processes transactions in over 150 currencies and currently employs 345 staff. The fresh injection of capital follows a profitable period of organic growth since inception, marking the first time the firm has taken outside investment.

From the founder

"We have been fortunate to have some of the world’s leading investors approach us for some time but our focus has remained on building the very best suite of products we can for our merchants on four continents. Having built a sustainable business, one hire at a time, it was crucial to find partners that share our vision of how enterprise businesses will consume financial services in the future. We have anticipated this from our early days and have designed Checkout.com’s platform from the outset so that we can easily deliver incremental services to our customers as the company expands its offering."

Guillaume Pousaz

Founder and CEO at Checkout.com

Investor perspective

"We’ve been following Checkout.com for some time and we have been impressed by their dedication to building the right product for their merchant customers, as well as their commitment to creating a profitable business. The payments world is changing rapidly and online payments will be the source of most financial services in future. We are confident that Checkout.com will attract a great proportion of those transactions because its product and unified platform provide the full range of services that growing enterprises require. Insight Partners is excited to welcome the Checkout.com team to our portfolio, and look forward to driving continued growth together."

Deven Parekh

Managing Director, Insight Partners