Checkout.com raises $1 billion

London-based online payments platform Checkout.com has closed a massive $1 billion Series D round at a $40 billion valuation. The latest deal represents a 167% valuation jump in 12 months from $15 billion the company was valued after raising $450 million in January 2021.

Checkout.com processed hundreds of billions of dollars in payments in 2021 alone and has tripled its transaction volume for the third year in a row.