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Checkout.com Triples Valuation to $5.5 Billion

October Shock in Equity Markets

This startup achieved impressive growth over the last year, increasing transaction volumes by 250% and picking up a list of big-name clients. It is now tied with Swedens Klarna and Britains Revolut as Europe`s most valuable fintech start-up. This online payments start-up Checkout.com has raised $150 million in funding. When it tapped external investors for the first time to raise a $240 million Series A round. That deal, reportedly agreed over “handshakes” rather than term sheets, gave the startup the coveted status of “unicorn” as it was suddenly valued at $2 billion.

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