Company type | Private |
---|---|
Founded | 2009 | (as Opus Payments)
Founder | Guillaume Pousaz |
Headquarters | , |
Key people | Guillaume Pousaz (CEO) |
Products | Financial services |
Website | checkout |
Checkout.com (with the legal name of the main entity as Checkout Ltd.) is a British multinational financial technology company that processes payments for other companies. Founded as Opus Payments in 2009, it is headquartered in London, United Kingdom. [1] It had a valuation of $40 billion in 2022, making it the most valuable European fintech startup. Customers include Netflix, Pizza Hut, and digital asset exchange Coinbase. [2]
Checkout.com was founded in 2009 by Swiss national Guillaume Pousaz in Singapore under the name Opus Payments, which processed payments for merchants in Hong Kong. The company became profitable in 2011 through a deal with Chinese tech gadget trading website Dealextreme. In 2012, Opus Payments was renamed Checkout.com and registered in the U.K. In 2013, Checkout.com was granted membership with Visa and Mastercard, and Checkout.com subsequently focused on partnerships with Alipay and WeChat. [3]
In 2018, the company joined London & Partners' Mayor's International Business Programme. [4] In 2019, the company received a $230 million Series A funding round led by Insight Partners and DST Global. [5] After additional funding rounds, the company's valuation had increased to $15 billion by June 2020. [6] In May 2020, it acquired Australian company Pin Payments, allowing Checkout.com to expand into the Australian and New Zealand markets. [7]
In January 2022, the company announced a $1 billion funding round, surpassing the value of competitors such as Revolut and Wise. Investors included the Qatar Investment Authority and Tiger Global Management, among others. [8] The company announced it would use the capital to invest in Web3 applications. [2] In May 2022, Checkout.com announced it was acquiring French startup Ubble, which provides a remote identity verification service. [9]
Insight Partners is a global venture capital and private equity firm that invests in high-growth technology, software, and Internet businesses. The company is headquartered in New York City, with offices in London, Tel Aviv, and Palo Alto.
Bain Capital Ventures LLC is the venture capital division within Bain Capital, which has approximately $160 billion of assets under management worldwide. The firm's early-stage investments have included Attentive, Bloomreach, Billtrust, Docusign, Flywire, LinkedIn, Justworks, Turbonomic, Rent the Runway, Twilio, Rapid7, and Redis. Bain Capital Ventures manages $10 billion of committed capital, has over 400 active portfolio companies, and has offices in New York City, Palo Alto, and San Francisco.
Klarna Bank AB, commonly referred to as Klarna, is a Swedish fintech company that provides online financial services. The company provides payment processing services for the e-commerce industry, managing store claims and customer payments. The company is a "buy now, pay later" service provider.
Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
Stripe, Inc. is an Irish-American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.
Revolut is a global neobank and financial technology company with headquarters in London, UK that offers banking services for retail customers and businesses. It was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It offers products including banking services, currency exchange, debit and credit cards, virtual cards, Apple Pay, interest-bearing "vaults", personal loans and BNPL, stock trading, crypto, commodities, human resources and other services.
Plaid is a financial services company based in San Francisco, California. The company builds a data transfer network that powers fintech and digital finance products.
PayU is a Netherlands-based payment service provider to online merchants. The company was founded in 2002, and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. As of 2018, the service is available in 17 countries. The firm is owned by the Naspers Group, which also owns a stake in one of its sister companies, Tencent.
Nium is a Singapore-headquartered cross-border payments company. Initially founded by Prajit Nanu and Michael Bermingham, and launched as a consumer-remittance platform Instarem in 2014. In 2016, the company introduced its B2B payments platform and rebranded as Nium in 2019, subsequently elevating Pratik Gandhi to co-founder in 2021.
Affirm Holdings, Inc. is an American public company founded by PayPal co-founder Max Levchin in 2012. It is a fintech company with a buy now, pay later service for online and in-store shopping. Affirm leads the U.S. buy now, pay later sector, reporting over 18 million users and US$20.2 billion annual GMV as of 2023.
Pine Labs is an Indian company that provides point of sales systems and payment systems, founded in 1998. The company has a valuation of over US$5 billion.
Chime Financial, Inc. is a San Francisco–based financial technology company that partners with regional banks to provide certain fee-free mobile banking services. The company offers early access to paychecks, negative account balances without overdraft fees, high-yield savings accounts, peer-to-peer payments, and an interest-free secured credit card. Chime earns the majority of its revenue from the collection of interchange fees on debit card transactions.
Flutterwave is an African fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent.
Guillaume Pousaz is a Dubai-based Swiss-born entrepreneur, investor, and philanthropist. He is the CEO and founder of payment platform Checkout.com. As of April 2023, he has an estimated net worth of US$7.2 billion according to Forbes magazine.
Ryan Breslow is an American entrepreneur. He is the co-founder and chairman of Bolt, a one-click checkout technology company; a co-founder of Eco, a digital cryptocurrency platform; a co-founder of Love, a crypto pharmaceutical startup, and the founder of the dance non-profit, The Movement.
Bolt Financial Inc. (Bolt) is an American financial technology start-up that provides merchants with software to facilitate one-click online checkouts. It was founded in 2014 in San Francisco.
Stitch is a fintech company operating in Africa providing open banking and payment products. The company's headquarters are located in Cape Town, South Africa.
GoCardless is a fintech company that specialises in bank payments including recurring payments, Direct Debit processing and Open Banking. GoCardless is headquartered in London.
Ramp is a Manhattan-based multinational financial technology company that offers corporate charge cards, expense management, and bill-payment software. As of late 2023, the company was projected to process over US$13 billion in payments annually.