Checkout.com (company)

Checkout.com is an international financial technology company headquartered in London, United Kingdom. Checkout.com was founded in 2012 (its predecessor was founded in 2009)[1] and had a valuation of $40 billion in 2022, making it the most valuable European fintech startup. Checkout.com processes payments for other companies. Customers include Netflix, Pizza Hut, and digital asset exchange Coinbase.[2]

Checkout.com
TypePrivate
Founded2009 (as Opus Payments)
FounderGuillaume Pousaz
Headquarters
London
,
United Kingdom
Key people
Guillaume Pousaz
(CEO)
ProductsFinancial services
Websitewww.checkout.com

History

Checkout.com was founded in 2009 by Swiss national Guillaume Pousaz in Singapore under the name Opus Payments, which processed payments for merchants in Hong Kong. The company became profitable in 2011 through a deal with Chinese tech gadget trading website Dealextreme. In 2012, Opus Payments was renamed Checkout.com in and registered in the U.K. In 2013, Checkout.com was granted membership with Visa and Mastercard, and Checkout.com subsequently focused on partnerships with Alipay and WeChat.[1]

In 2019, the company received a $230 million Series A funding round led by Insight Partners and DST Global.[3] After additional funding rounds, the company's valuation had increased to $15 billion by June 2020.[4]

In January 2022, the company announced a $1 billion funding round, surpassing the value of competitors such as Revolut and Wise. Investors included the Qatar Investment Authority and Tiger Global Management, among others.[5] The company announced it would use the capital to invest in Web 3.0 applications.[2]

References
  1. Shead, Sam. "Guillaume Pousaz: The Jet-Setting Founder Of $2 Billion Payment Startup Checkout.com". Forbes. Retrieved 2022-02-04.
  2. "Checkout.com becomes UK's most valuable fintech at $40bn". the Guardian. 2022-01-13. Retrieved 2022-02-04.
  3. "Checkout.com raises $230m in record European Series A". Checkout.com. Retrieved 2022-02-04.
  4. Browne, Ryan (2021-01-12). "Fintech firm Checkout.com crowned Europe's top unicorn after tripling valuation to $15 billion". CNBC. Retrieved 2022-02-04.
  5. Pousaz, Guillaume. "Announcing our Series D, and the next step in Checkout.com's journey". Checkout.com. Retrieved 2022-02-04.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.