Guillaume Pousaz, Founder of Checkout.com

Global payments solutions provider Checkout.com has raised $230 million in a Series A round led by growth investors Insight Partners and DST Global along with Singapore’s sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst and other strategic investors.

The new capital aims to facilitate Checkout.com’s expansion across Europe, US, Middle East, Asia and Latin America.

Founder of Checkout.com, Guillaume Pousaz, commented: “Having built a sustainable business, one hire at a time, it was crucial to find partners that share our vision of how enterprise businesses will consume financial services in the future. We have anticipated this from our early days and have designed Checkout.com’s platform from the outset so that we can easily deliver incremental services to our customers as the company expands its offering. 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.”

According to the supplier, Checkout.com’s technology provides a cross-border payment solution for digital commerce. It helps businesses enable efficient payment processing and offers direct access to domestic acquiring across payment methods and geographies.

Tom Stafford, Managing Partner, DST Global, said: “Payments are a critical component of any online business. With the digital payments market expected to grow to $6 trillion by 2021, we believe Checkout.com can expand rapidly through its technology-driven and customer-centric payments solution. We are delighted to partner with Guillaume and the team.”

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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