The Hut Group selects Checkout.com as its payments provider

By Megha Bhattacharya

Connected payments provider, Checkout.com today announced that it has been selected by The Hut Group as a payments provider. Checkout.com will power online payments for THG’s brands including MyProtein, Lookfantastic, Glossybox, Coggles, AllSole and over 200+ other eCommerce sites in the THG portfolio. THG will use Checkout.com’s digital payments platform and benefit from global coverage and granular transaction-level data.

John Gallemore, CFO of The Hut Group and CEO of THG Ingenuity said, “The partnership with Checkout.com comes at an important time in the eCommerce landscape, with an increasing number of brands expanding their D2C presence. This collaboration will support THG brands and THG Ingenuity clients with their global growth strategies and adds further payment capabilities to our proprietary, end-to-end technology and operating platform, providing our customers with even more payment opportunities to suit their needs.”

Checkout.com stated that it will be paired with THG Ingenuity’s capabilities for performance-driven payments. It also aims to enhance this offering, through integration to its digital payments platform, with local acquiring in major markets, the ability to pay in over 150 different currencies with many payment methods and a comprehensive data and reporting suite on the market.

Guillaume Pousaz, Founder & CEO Checkout.com said, “In another year of phenomenal growth for our business, I’m pleased to announce that THG has selected Checkout.com as a global payments partner. THG’s large portfolio of consumer brands and its THG Ingenuity solution will plug into our connected payments platform, unlocking new revenue streams through payment optimisation. It’s yet another validation of our technology, which continues to drive the best performance on the market for merchants.”

Recently, Checkout.com announced a $150 million Series B funding round. This funding round will triple the value of the business to $5.5 billion. The funding round was led by Coatue along with the participation of existing investors, including Insight Partners, DST Global, Blossom Capital, and Singapore’s Sovereign Wealth Fund, GIC.