The British payment platform said it will use the funds to boost cryptocurrency payment processing.
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The global payment processor Checkout.com announced on Wednesday a round of financing Series D of USD 1,000 million, representing a total of USD 1,800 million raised to date and a valuation of the company of USD 40,000 million.
Among the main investors in the last round are Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, Qatar Investment Authority and Oxford Endowment Fund,
between others.
— Checkout.com (@Checkout) January 12, 2022
The UK-based startup plans to use the funds to expand its operations in the US market, continue developing its payment platform and “reinforce leadership in Web 3.0”, according to the statement. The founder and CEO of Checkout.com, Guillaume Pousaz, recognized:
“In our essence, we help business merchants navigate the complexity of moving money around the world, whether it’s fiat currency or bridging to Web3.”
In addition to serving e-commerce merchants and services such as Netflix, Pizza Hut and Sony, Checkout.com also serves large cryptocurrency companies such as Coinbase, Crypto.com, FTX, and MoonPay. Its modular products are also used by fan token provider Socios.com and Meta’s Novi blockchain-based wallet. The company also claims to be beta testing a proprietary solution for merchants to settle transactions in digital currencies.
Belo users now will be able to make bitcoin transactions with the Lightning Network
Pousaz added that the company still is at “chapter zero of our journey” to bridge fiat currencies and cryptocurrencies. AND according the e-commerce trends report As of Checkout.com’s 2022 release, payment diversification strategies are “vital” if brands want to convert more sales, especially as traders increasingly offer digital wallet integrations, QR code scanners, and even sell their own NFTs.
Keep reading:
- Belo users will now be able to perform bitcoin transactions with the Lightning Network
Cryptocurrency heavyweights support US inflation-resistant savings protocol
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