London-based online payment provider Checkout.com announced it has netted $230 million in what it is calling the largest-ever fintech Series A raise in Europe. The record investment was led by Insight Partners and DST Global.
At only seven years old, Checkout.com said it aims to transform digital commerce by providing a solution that enables payments across all geographies and channels, according to the May 2 press release. Samsung, Easygroup, Getty Images, Deliveroo, Transferwise, Patreon and Virgin Active are among its existing customers around the globe.
“Bringing world-class investors on board for our first funding round is a validation of everything the Checkout.com team has worked hard to achieve over the years and a way to flag just how serious we are about building a global leader that can serve any business, in any geography,” said Checkout.com founder, Guillaume Pousaz in the release.
“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.”