Payment processor Checkout.com raised $ 450 million in a financing round. In this way, the British company is valued at USD 15 billion. That is almost three times as high as the $ 5.5 billion price tag hung on the company after an investment round last year.
Checkout.com took advantage of the growth of web stores and other online orders during the pandemic last year. The company is a direct competitor of the Adyen, but according to CEO Guillaume Pousaz of Checkout.com there’s a big difference. His company only processes online payments, while Adyen also processes payments in physical stores.
About half the turnover of Checkout.com comes from Europe, particularly the United Kingdom and France. The company is also active in Asia and the Middle East and wants to expand to the United States. The company’s customers include Pizza Hut and Coinbase.
This year, Checkout.com not on a stock market like Adyen did in 2018. It may happen next year, but according to Pousaz, the investors are not putting any pressure on them to do so.