raised $450 mn, reaches $15 bn valuation

Payments company Checkout.recently raised a $450 mn Series C round with Tiger Global Management where Greenoaks Capital and all existing investors also participated. is now valued at $15 billion post funding & the company boasts itself as the 4th largest fintech company globally.

FYI wants to build a one-stop shop for all things related to payments, such as accepting transactions, processing them and detecting fraud. It focuses on large merchants and tries to make its product as customizable as possible so that you integrate it as an infrastructure partner in your product.

The startup was founded in 2012 in London. At first, it grew slowly and methodically. Every time it would generate a bit of revenue, it would hire more people and kept growing until raised one of the biggest Series A rounds ever for a European company — $230 mn at a $2 bn valuation. Just a year ahead & added $150 mn in funding at a $5.5 bn valuation.

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