London-based payment processor Checkout.com has raised $230 million in Europe's largest-ever Series A funding round.
The record round, led by growth investors Insight Partners and DST Global, also included participation from Singapore’s sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst and other strategic investors.
The seven-year old company offers direct access to domestic acquiring across payment methods and geographies, including all major credit and debit cards, online banking, PayPal, Apple Pay and other eWallets via a single, integrated platform with built-in fraud management tools, analytics and reporting features.
Checkout.com processes more than 150 currencies and has 345 staff, with nearly 200 based in London and the rest in the company’s eight offices. Its team is expected to triple over the next three years as the company expands its core business into Asia and Latin America and moves into new product areas.
Enterprise customers include the likes of Samsung, Easygroup, Getty Images, Deliveroo, Transferwise, Patreon and Virgin Active.
Founder Guillaume Pousaz says: "The capital will help us increase the speed at which we roll out new products to address our merchants increasingly complex needs. Performance in payments and data streams are key drivers of success for merchants. Our objective remains to help our customers to grow their businesses, by providing them with the solutions and insights they need to win market share.”