Checkout.com secured $150 Million in Series B funding round backed by Coatue

Checkout.com, a London based global payment solution provider, has now secured $150 million in Series B funding round. The company raised these funds at a valuation of $5 Billion.

Checkout.com is founded by the Guillaume Pousaz. The company offers a technology payments platform, granular data, and instant insights for global enterprises to launch new products in new markets and create outsourcing customer experiences.

Guillaume Pousaz, CEO and Founder of Checkout, said, "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. They share our vision for a future of connected payments which made them an obvious choice as partners for us."

Kris Fredrickson, the Managing Partner at Coatue, said, "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."

The Coatue led the latest funding round. Other participating investors include the DST Global, Insight Partners, Blossom Capital, and GIC.

The company intends to use the new funds to strengthen its balance sheet. The newly raised funds bring total cash available with the company to $300 Million. The company will also invest in the development of some new innovative products, notes the announcement.

PC: Pablo, Pixabay