British fintech: Checkout.com valuation rises to $ 40 billion

VAlmost exactly a year ago, UK payment service provider Checkout.com announced a $ 450 million injection of funding that gave the company a $ 15 billion valuation. At least for a short time, the start-up from London, which processes payments for companies like H&M or Siemens, was crowned the most valuable start-up in Europe. In the meantime, however, one record financing in the fintech market followed the next. Checkout.com moved down the list of unicorns. This is the name given to start-ups valued in billions.

On Wednesday afternoon, Checkout.com announced another mega financing round. The company has closed a $ 1 billion advanced growth financing called Series D financing. By way of comparison: last year only the Gorillas delivery service in Germany managed to do this, and in two financing rounds. This climbs the valuation of Checkout.com, founded in 2012, to an incredible 40 billion dollars. Nevertheless, the fintech only ranks second in the European rankings. The Swedish online payment service provider Klarna took first place. The company is currently valued at $ 45.6 billion.

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