24 June 2020
Macfarlanes advises Checkout.com on Series B fundraise tripling company value to $5.5bn
Macfarlanes has advised global payment solutions provider, Checkout.com, on the English law aspects of its $150m Series B funding round, tripling the company’s value to $5.5bn, alongside legal advisers in the US and Jersey.
The funds raised, which will make Checkout.com one of the most highly-valued fintech companies globally, will be used to invest in the development of new innovative products and to strengthen the firm’s already profitable balance sheet.
Checkout.com processes digital payments in numerous currencies for the likes of Grab, Deliveroo and a host of fintech groups, such as Revolut. The company has seen a 250% increase in online transactions from May 2019 to May 2020 which has been bolstered further by the current lockdown due to Covid-19.
The Macfarlanes team was led by corporate and M&A partner Alex Edmondson with assistance from solicitor Olivia MacLellan.
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