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Global payments firm Checkout.com shared a $40 billion company valuation after completion of a $1 billion Series D funding round on Wednesday. So far the company has raised a total of $1.8 billion to date. The latest round saw participation from Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, the Oxford Endowment Fund and more. The U.K.-based will use the new liquidity to expand its operations in the U.S. market, improve its payment platform and “strengthen leadership in Web3,” according to the announcement. https://twitter.com/Checkout/status/1481269605448491010 Checkout.com founder and CEO, Guillaume Pousaz said: "At our core, we help enterprise merchants to navigate the complexity of moving money around the world, whether in fiat currency or bridging the gap to Web3." Checkout’s partners with a number of large ecommerce and services merchants such as Netflix, Pizza Hut and Sony. It also plays an important role in the operations of large crypto players, including Coinbase, Crypto.com, FTX and MoonPay. Checkout.com has grown rapidly in the past year having opened new offices in six countries across four continents. It also expanded its executive leadership team in the US and Europe while growing its total headcount to more than 1700 people in 19 countries.

Payments

Checkout.com Valued at $40Billion After Series D Funding Round