Checkout.com founder Guillaume Pousaz. Checkout.comCheckout.com, a little known London fintech company, broke European funding records on Thursday when it announced that it has raised a $230 million funding round, giving it a valuation of around $2 billion. The company's first funding round was led by Insight Partners and DST Global, with Singapore’s sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst, and others, also contributing. Despite stiff competition, Checkout.com has managed to sign up the likes of food delivery company Deliveroo, gym provider Virgin Active, and money exchange app TransferWise. Deven Parekh, managing partner at Insight Partners and an early investor in Twitter, Alibaba and JD.com, will take a seat on the Checkout.com board.

Source: Forbes May 03, 2019 10:41 UTC