Series C12 January 2021

Checkout.com secures £332m Series C investment led by Tiger Global Management

The Series C round values the cloud payments provider at $15bn and was joined by Greenoaks Capital alongside existing investors.

£332MSeries C

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 a $450m Series C funding round led by Tiger Global Management, valuing the business at $15bn. The raise includes participation from Greenoaks Capital alongside existing backers Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, and GIC. The capital will be deployed to strengthen the company balance sheet and pursue strategic opportunities.

The raise follows a period of rapid growth for the firm, which tripled its payment processing volume year over year in 2020. The company also announced the opening of new offices in New York City and Denver to support increasing demand from North American enterprises.

From the founder

"Payments affect everything from the customer journey to a business’s ability to enter new markets or launch new products."

Guillaume Pousaz

Founder and CEO at Checkout.com

Investor perspective

"We are excited to partner with Guillaume and Checkout.com as they continue to build an innovative global payments and financial services platform trusted by leading internet companies. We believe the shift to digital commerce is still in the early stages, and Checkout.com’s focus on developing a best-in-class technology platform has positioned them to be a leader in the industry for years to come."