Business Affairs

Fintech firm Checkout.com’s valuation touches $40 billion after latest funding

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Reuters UK

(Reuters) – Checkout.com said its valuation more than doubled to $40 billion in a year, following a $1 billion investment in the financial technology company that will be used to launch products and further its involvement in the so-called Web3 space. Several new and existing investors including Altimeter, Dragoneer, Franklin Templeton, Singapore’s GIC, the Qatar Investment Authority, Tiger Global, the Oxford Endowment Fund, and a “large West Coast mutual fund management firm” participated in the round, the company said on Wednesday. The fundraise comes a year after the London-based company’s …

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