“I’m thrilled to welcome Coatue to our cap table. As meaningful investors in late-stage tech companies such as Instacart, DoorDash, Bytedance and Chime they bring a wealth of experience in building world-class businesses driven by operational excellence,” says Checkout.com CEO and founder Guillaume Pousaz. He hopes to use these funds to strengthen the firm’s balance sheet and develop new innovative products like its advanced Payouts solution. The firm currently consists of 750 staff across 13 offices worldwide.
SINGAPORE (June 22): Checkout.com has joined the ranks of the world’s most valuable fintech companies following a US$150 million ($209 million) Series B funding round despite. The injection of cash has seen its current valuation triple to US$5.5 billion in total – a noteworthy feat considering the reduced amount of financing available in the wake of Covid-19.
The Series B funding round, led by leading technology sector Hedge Fund Coatue , included prominent investors such as Singapore sovereign wealth fund GIC, Insight Parners, DST Global and Blossom Capital. This followed a record-breaking US$230 million Series A funding round in May 2019 – the largest ever fintech Series A funding round in Europe. Says Coatue Managing Partner Kris Fredrickson, “We have followed the business’ explosive growth and are inspired by Guillaume’s vision for the future of payments. We’re incredibly excited to partner for the next phase of the Checkout.com journey.”
