• Checkout.com

  Participated · Series D · Jan 2022

  Checkout.com builds a full‑stack payments platform that serves as a gateway, acquirer, risk engine and payment processor, supporting cards, wallets, bank transfers, SEPA, and local cash networks. The company also offers hosted payment pages, payment links and added payouts (bank and card) used by clients like TikTok and MoneyGram. It processed hundreds of billions of dollars in payments in 2021, has tripled transaction volume for the third year in a row, and reports being profitable for several years. Checkout.com has about 1,700 employees across 19 countries and is headquartered in London. The company plans to expand in the U.S. market and to launch new products for marketplaces and payment facilitators, including identity verification, payment splitting, and a treasury-as-a-service to hold funds on marketplaces. It is beta-testing a web3 settlement solution to let merchants settle transactions using digital currencies. Checkout.com builds a one-stop payments infrastructure platform for large merchants, offering transaction acceptance, processing and fraud detection with a focus on customizability and integrations. The company processes billions every week and tripled payment processing volume in 2020 versus 2019. It is EBITDA‑profitable and generates double-digit millions in EBITDA while reinvesting heavily into growth. Checkout.com is regulated across multiple jurisdictions (U.K., France, Brazil, Singapore, Hong Kong) and is working to add India and the Philippines. The company had 440 employees in January 2020, finished 2020 with 940, and plans to hire an additional 700 people this year. With the new funding it will open additional U.S. offices in New York and Denver alongside San Francisco. Checkout.com offers an API-based platform enabling merchants to build checkout experiences that accept multiple forms of payment (about 150 currencies, international cards and popular local methods), plus fraud protection, reporting and analytics. The company was founded in 2012 and has been profitable since its founding. Checkout.com has grown rapidly—transaction volumes were up 250% between May 2019 and May 2020—and added more than 500 enterprise customers in the past year, including Grab, Revolut, Careem, Glovo, Robinhood, Farfetch, Klarna and Remitly. It has more than $300 million in available cash following the latest raise. The company has signaled plans to invest more in R&D, with a specific focus on technology to simplify and speed up settlements for online retailers. Checkout.com has begun M&A activity (acquiring ProcessOut in February) and may continue to consolidate payments startups as it scales. Checkout.com provides a unified global payment processing platform that delivers in‑country acquiring, support for major cards and alternative/local payment methods, fraud management, analytics and reporting via a single API. Its proprietary technology enables merchants to accept payments across geographies and channels, processing more than 150 currencies. The company serves enterprise customers including Samsung, Deliveroo, Transferwise, Patreon, Getty Images, Easygroup and Virgin Active. Checkout.com has 345 employees, with nearly 200 based in London and the remainder across eight offices, and the team is expected to triple over the next three years. Management says the business is sustainable and will use new capital to accelerate product rollouts and expand its offering as it grows into new product areas and geographies.

No current team members are available.