Checkout.com, a UK-based Payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term startup, has raised $150 million in a Series B funding round, thus almost tripling its valuation to $5.5 billion.
Announced on Monday, the funding round was led by Coatue and saw participation from existing investors including Insight Partners, DST Global, Blossom Capital, and GIC, Singapore's Sovereign Wealth Fund.
Founded in 2012, Checkout.com facilitates online payment processing solutions to businesses, similar to Stripe and Adyen.
The startup grabbed headlines last year as it secured $230 million in a Series A round from an array of venture capitals, putting the company into the Unicorn
Unicorn
Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the products of company buyouts, given its existing designation.For example, many of these companies’ valuation has swelled due to buyouts from large public companies. This has proven to be a recursive trend in with major industry players such as Apple, Facebook, and Google focusing on acquisitions rather than capital expenditures and development of internal investment projects.This strategy has played out over the past few years with large companies opting to instead augment their own technology portfolio via buyouts, rather than in-house developments.Unicorns Benefitting from New TechnologyOf note, many unicorns have succeeded without launching their own Initial Product Offering (IPOs), which run multiple risks. Traditionally, many large brands and companies have relied on such stock offerings as a means to bolster valuation and raise money. However, IPOs can result in the evaluation of a company if the public market thinks a company is worth less than its investor base.Unicorns also have benefitted from other factors, including the availability of new technology. Social media in this sense has been an integral component to unicorns’ success, helping achieve economies of scale.Furthermore, the advent of Peer-to-Peer (P2P) technology, platforms, and cloud computing has also played a key role in the growth of unicorns.
Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the products of company buyouts, given its existing designation.For example, many of these companies’ valuation has swelled due to buyouts from large public companies. This has proven to be a recursive trend in with major industry players such as Apple, Facebook, and Google focusing on acquisitions rather than capital expenditures and development of internal investment projects.This strategy has played out over the past few years with large companies opting to instead augment their own technology portfolio via buyouts, rather than in-house developments.Unicorns Benefitting from New TechnologyOf note, many unicorns have succeeded without launching their own Initial Product Offering (IPOs), which run multiple risks. Traditionally, many large brands and companies have relied on such stock offerings as a means to bolster valuation and raise money. However, IPOs can result in the evaluation of a company if the public market thinks a company is worth less than its investor base.Unicorns also have benefitted from other factors, including the availability of new technology. Social media in this sense has been an integral component to unicorns’ success, helping achieve economies of scale.Furthermore, the advent of Peer-to-Peer (P2P) technology, platforms, and cloud computing has also played a key role in the growth of unicorns.
Read this Term list with around $2 billion in valuation.
With this round, Checkout.com is now sharing Europe's most valued fintech startup title with UK-headquartered Revolut and Swedish lender Klarna. Despite that, there is a long road between its two direct competitions - Stripe is valued at $36 billion and the total market cap of publicly-listed Adyen stands at $38 billion.
“The way money moves into and out of businesses is changing rapidly. I believe that by solving financial complexity, you can radically unlock innovation -- starting with digital payments,” Guillaume Pousaz, founder and CEO of Checkout.com, said.
Impressive figures since the last funding
The company has also reported impressive numbers for the last year with a jump in its transaction volumes by 250 percent. It has also added Southeast Asian ride-hailing giant Grab and US stock trading disrupter Robinhood.
The UK-based startup also boasts that unlike its peers, the company is profitable since 2012.
The latest proceeds will be utilized to further strengthen its balance sheet, bringing available cash to over $300 million.
“At Checkout.com, we've built a technical architecture that enables pioneers to reinvent industries and redefine their relationship with consumers. Now more than ever, we are confident of our mission to build the connected payments that businesses deserve,” Pousaz added.
Checkout.com is also a member of the Libra Association as it joined the Swiss non-profit after the exit of giants like Mastercard, Visa, Paypal, and Stripe.
Checkout.com, a UK-based Payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term startup, has raised $150 million in a Series B funding round, thus almost tripling its valuation to $5.5 billion.
Announced on Monday, the funding round was led by Coatue and saw participation from existing investors including Insight Partners, DST Global, Blossom Capital, and GIC, Singapore's Sovereign Wealth Fund.
Founded in 2012, Checkout.com facilitates online payment processing solutions to businesses, similar to Stripe and Adyen.
The startup grabbed headlines last year as it secured $230 million in a Series A round from an array of venture capitals, putting the company into the Unicorn
Unicorn
Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the products of company buyouts, given its existing designation.For example, many of these companies’ valuation has swelled due to buyouts from large public companies. This has proven to be a recursive trend in with major industry players such as Apple, Facebook, and Google focusing on acquisitions rather than capital expenditures and development of internal investment projects.This strategy has played out over the past few years with large companies opting to instead augment their own technology portfolio via buyouts, rather than in-house developments.Unicorns Benefitting from New TechnologyOf note, many unicorns have succeeded without launching their own Initial Product Offering (IPOs), which run multiple risks. Traditionally, many large brands and companies have relied on such stock offerings as a means to bolster valuation and raise money. However, IPOs can result in the evaluation of a company if the public market thinks a company is worth less than its investor base.Unicorns also have benefitted from other factors, including the availability of new technology. Social media in this sense has been an integral component to unicorns’ success, helping achieve economies of scale.Furthermore, the advent of Peer-to-Peer (P2P) technology, platforms, and cloud computing has also played a key role in the growth of unicorns.
Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the products of company buyouts, given its existing designation.For example, many of these companies’ valuation has swelled due to buyouts from large public companies. This has proven to be a recursive trend in with major industry players such as Apple, Facebook, and Google focusing on acquisitions rather than capital expenditures and development of internal investment projects.This strategy has played out over the past few years with large companies opting to instead augment their own technology portfolio via buyouts, rather than in-house developments.Unicorns Benefitting from New TechnologyOf note, many unicorns have succeeded without launching their own Initial Product Offering (IPOs), which run multiple risks. Traditionally, many large brands and companies have relied on such stock offerings as a means to bolster valuation and raise money. However, IPOs can result in the evaluation of a company if the public market thinks a company is worth less than its investor base.Unicorns also have benefitted from other factors, including the availability of new technology. Social media in this sense has been an integral component to unicorns’ success, helping achieve economies of scale.Furthermore, the advent of Peer-to-Peer (P2P) technology, platforms, and cloud computing has also played a key role in the growth of unicorns.
Read this Term list with around $2 billion in valuation.
With this round, Checkout.com is now sharing Europe's most valued fintech startup title with UK-headquartered Revolut and Swedish lender Klarna. Despite that, there is a long road between its two direct competitions - Stripe is valued at $36 billion and the total market cap of publicly-listed Adyen stands at $38 billion.
“The way money moves into and out of businesses is changing rapidly. I believe that by solving financial complexity, you can radically unlock innovation -- starting with digital payments,” Guillaume Pousaz, founder and CEO of Checkout.com, said.
Impressive figures since the last funding
The company has also reported impressive numbers for the last year with a jump in its transaction volumes by 250 percent. It has also added Southeast Asian ride-hailing giant Grab and US stock trading disrupter Robinhood.
The UK-based startup also boasts that unlike its peers, the company is profitable since 2012.
The latest proceeds will be utilized to further strengthen its balance sheet, bringing available cash to over $300 million.
“At Checkout.com, we've built a technical architecture that enables pioneers to reinvent industries and redefine their relationship with consumers. Now more than ever, we are confident of our mission to build the connected payments that businesses deserve,” Pousaz added.
Checkout.com is also a member of the Libra Association as it joined the Swiss non-profit after the exit of giants like Mastercard, Visa, Paypal, and Stripe.
