The founder of Checkout currently has £ 15bn as online payment company revenue rises in pandemic
The online payments company has become the UK’s most successful startup after being valued at £ 30 billion by international investors.
Checkout, based in Fitzgerald, London, raised £ 730 million in the financing phase, which is more than Fintech’s new start-up Revolut, which was valued at £ 24 billion last July.
The company was founded a decade ago and makes online payments for websites and customers, including Deliveroo, fashion website The Hut Group and furniture retailer Heal’s.
Fortune: Most of the Checkout company belongs to Guillaume Pousaz (pictured), a Swiss citizen who has a paper fortune of £ 15 billion at the age of 40.
The success of the checkout confirms London’s position as the technological capital of Europe. But the UK is finding it difficult to keep it in London, as the firm had previously hinted at registering in the US.
Most of the checkout company belongs to Guillaume Pousaz, a Swiss citizen who, at the age of 40, has a paper fortune of £ 15 billion.
He lives in Dubai, lives with his wife Laure Pousaz and three children, but spends many nights in a five-star hotel in London.
The £ 30bn checkout is worth twice as much as a year ago.
Participants in the final round include New York-based investment firm Tiger Global, asset manager Franklin Templeton and Singapore’s GIC Sovereign Wealth Fund.
As consumers shop online, investors ’appetites for payment companies have plummeted due to the pandemic.
Each time a user makes a transaction, Checkout charges a small fee to process it, as well as a flat fee.
As a result, it processes billions of dollars in more than 150 currencies each year. Checkout has 1,700 employees worldwide.