Checkout.com, a global payments company with presence in MENA hits $5.5 billion valuation in new round

Checkout.com, a global payments company with presence in MENA hits $5.5 billion valuation in new round

Checkout.com, a London-headquartered global payments company has tripled its valuation to $5.5 billion with the closing of its $150 million Series B, it announced in a statement today.. The company that has a big presence in the Middle East through its Dubai office that serves clients all over GCC and Egypt, has become one of the most valuable fintechs in the world with the latest round.. "The $5.5bn valuation reflects a growing business demand for transformative online payment solutions that perform across all geographies and channels," it said in a statement.. Financial Times had reported that the Series A valued the company at $2 billion.. Chekcout.com's online trsanction numbers, it said have seen a growth of over 250 percent (company May on a YoY basis).. Its revenues have also doubled in the past year with the company now making 'well above' $100 million every year..