Insight and DST lead $230m series-A for Checkout.com

Singaporean sovereign wealth fund GIC (a minority shareholder in Unquote parent company Acuris), Blossom Capital, Endeavor Catalyst and a number of strategic investors also took part in the round.

The business will use the fresh capital to pursue an international expansion plan, with a particular focus on growing its presence in the Asian and Latin American markets. Checkout.com currently has a greater focus on the European, US and Middle Eastern markets. It will also undertake a recruitment drive and aims to triple its headcount within the next three years, according to a statement.

Insight managing partner Deven Parekh will take a seat on the company's board of directors as part of the deal.

Company
Founded in 2012, London-headquartered Checkout.com is a payment processing software developer. Its platform enables cross-border payments for e-commerce and includes a payment gateway, risk and fraud monitoring tools and data analytics. It handles multiple forms of payments including credit and debit cards, online banking, PayPal, Apple Pay and other digital wallets.

Checkout.com's clients include Samsung, Easygroup, Getty Images, Deliveroo, Transferwise, Patreon and Virgin Active. The business has a headcount of 345, of which 200 are based in its London office.

People
Insight Partners - Deven Parekh (managing partner).
DST Global - Tom Stafford (managing partner).
Checkout.com - Guillaume Pousaz (founder).

Advisers
Company - FT Partners (corporate finance); Wilson Sonsini Goodrich & Rosati (legal).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• GIC
• Insight Venture Partners
• Venture
• Fintech