Checkout.com raises $1B round at $40B valuation
Payments company Checkout.com isn’t just a unicorn — it has closed a $1 billion Series D founding round. Following today’s round, the company is now valued at $40 billion.
That’s a stark increase compared to last year’s valuation. With its Series C round, the company raised $450 million at a $15 billion valuation — it represents a 167% valuation jump in 12 months is not too bad.
Checkout.com is building a full-stack payments company — it acts as a gateway, an acquirer, a risk engine and a payment processor. The company lets you process payments directly on your site or in your app, but you can also rely on hosted payment pages, create payment links, etc.
It supports card payments, Apple Pay, Google Pay, PayPal, Alipay, bank transfers, SEPA direct debits and even cash payments through various local networks.
Last year, the company also added the ability to issue payouts. Checkout.com customers can send money to a bank account. It also supports payouts to a card on the Mastercard or Visa network. For instance, TikTok and MoneyGram have been using Checkout.com’s payouts feature.
