Checkout.com to raise $450m Series C led by Tiger Global

Checkout.com, a London, UK-based financial service company, announced that it raised $450m Series C invstment round.

The money was raised from investors led by Tiger Global Management, with participation from Greenoaks Capital and all other existing investors Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, and Singapore’s Sovereign Wealth Fund GIC.

This gives the business a post-money valuation of $15 billion.

In addition to today’s Series C funding announcement, Checkout.com is announcing the opening of its New York City office. The company first launched in the U.S. in 2017 and has operations in San Francisco.

Checkout.com, founded in 2012 by CEO Guillaume Pousaz, is a payment solutions provider. The company processes transactions for Yum! Brands, Inc’s (NYSE: YUM) restaurant chain Pizza Hut Inc, cryptocurrency exchange Coinbase Inc, and Swedish financial services provider Klarna Bank AB, as per Bloomberg.

Checkout.com’s business is concentrated in the European region, primarily in the U.K and France. It has also extended operations in parts of the Middle East and Asia and is now considering expanding to the U.S., starting with offices in New York and Denver.