Payments Firm Raises $1B in Series D Funding

UTC by Tolu Ajiboye · 3 min read
Payments Firm Raises $1B in Series D Funding
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British payments platform says it will channel the newly-acquired funding towards scaling up its operations across the board.

British fintech startup concluded a $1 billion Series D funding round on Wednesday. The recent exercise now puts the payments processor platform at a valuation of $40 billion. So far, has now raised a total of $1.8 billion to date.

Participating investors were Altimeter, Franklin Templeton, GIC, the Qatar Investment Authority, Dragoneer, Insight Partners, and the Oxford Endowment Fund. In addition, some of’s already existing investors also took part. They include Blossom Capital, Coatue Management, DST Global, Endeavor Catalyst, and Ribbit Capital. Furthermore, also acknowledged the presence of “another large west coast mutual fund management firm” in its investor pool. says that it will use the fresh funds to enhance several facets of its core operations. These include beefing up operations in the US market, further developing its payment platform, and enhancing its Web3 initiative. As Guillaume Pousaz, founder and chief executive officer at put it:

“At our core, we help enterprise merchants to navigate the complexity of moving money around the world, whether in fiat currency or bridging the gap to Web3.” Funding Round is A Glowing Testament to The Company’s Profitable Track Record

Reports suggest that decided on the recent exercise while banking on its sustained track record of profitability. The British payment platform leveraged that by exchanging just 2.5% of its stock for an influx of $1 billion. This would exponentially thrust further ahead and allow it the means to “unlock the enormous untapped opportunity ahead.” According to Pousaz:

“By combining an elegant technology stack with industry expertise and an ‘extra-mile’ approach to service over the past decade, we’ve built deep partnerships with some of the world’s most innovative companies. Our Series D is validation of that work—but given we’re still in ‘chapter zero’ of our journey, it will also fuel our efforts to unlock the enormous untapped opportunity ahead.” functions as a gateway and payment facilitator that lets businesses interact with it in several ways. In addition to processing payments directly on the site or via the app, users can also use hosted payment pages or utilize payment links. also provides support for card payments, including Apple Pay, Google Pay, PayPal, Alipay, bank transfers, and SEPA direct debits. The fintech tends to focus on notable e-commerce and service merchants with a high transaction volume. Some of these include Netflix, Pizza Hut, Sony, Farfetch, Grab, NetEase, and Shein. In addition to this, also facilitates the payment stacks of a host of fintech unicorns. Some of these are Klarna, Qonto, Revolut, and WorldRemit.

Crypto Support also provides support for prominent crypto entities such as Coinbase,, FTX, and MoonPay. In addition, Meta’s blockchain-centric wallet Novi, and fan token provider also utilize the British payment platform’s modular products. According to, it is currently beta-testing a proprietary solution for merchants to use digital currencies for transaction settlements.

Exactly a year ago, raised $450 million in a Series C round that then earned the company a $15-billion valuation.

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