FT Partners Advises Checkout.com on its $230,000,000 Series A Financing
Overview of Transaction
- On May 2, 2019, Checkout.com announced it has raised $230 million in Series A financing led by Insight Partners and DST Global with participation from GIC, Endeavor Catalyst, Blossom Capital and other strategic investors
- This is the first financing round for Checkout.com since its founding in 2012
- Headquartered in London, UK, Checkout.com offers the world’s most comprehensive cross-border payment solution for digital commerce
- The Company specializes in accepting, acquiring and processing international and local payments and also provides fraud management tools, analytics and comprehensive reporting features for merchants
- Checkout.com is a direct acquirer of all major card schemes, accepting international cards, local card schemes and many of the most popular global alternative payment methods
- Checkout.com handles every step of the payment process on a proprietary technology platform, so merchants benefit from feature parity across regions, faster processing speeds, greater reliability, and full data visibility
Significance of Transaction
- This financing will enable Checkout.com to continue its rapid growth in Europe, the US and the Middle East, with further expansion into Asia and Latin America
- This transaction is the largest ever Series A Financing round for a Technology or FinTech company in Europe
FT Partners' Role
- FT Partners served as sole strategic and financial advisor to Checkout.com
- This transaction underscores FT Partners’ unparalleled track record in the Payments space and highlights the Firm’s strong capabilities in finding the best investors for our clients worldwide