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Checkout.com raises $1 billion in Series D

Posted on January 28, 2022April 12, 2022 by Amy A. Stuart
28
Jan

This month in B2B news, Checkout.com raises $1 billion in funding and sees its valuation soar to $40 billion, while Google pays $500 million to software security firm Siemplify. Additionally, software-as-a-service (SaaS) company Zaggle is preparing to go public and Morocco’s Chari is eyeing a $100 million valuation after bridge financing.

Checkout.com valued at $40 billion after Series D funding

FinTech startup Checkout.com raised $1 billion in a Series D funding round, valuing the company at $40 billion, 20 times more than in 2019.

Two days after the round, founder and CEO Guillaume Pousaz appeared on CNBC where he was asked how the company would compete with players like Stripe in the enterprise market, especially if Stripe decided to go public.

“We are 100% business-focused,” he said, noting that Checkout’s strength lies in its service. “It’s been in our DNA from the start. We are not like Henry Ford who only sells black cars. We really go the extra mile with our clients, building meaningful relationships. If you only have 1,800 customers, you know them all, you offer them this additional service.

Google acquires Israeli cybersecurity startup Siemplify for $500 million

Google has acquired Israeli cybersecurity startup Siemplify for $500 million, a move that gives the tech giant a better foothold in end-to-end enterprise security services, also known as orchestration. , automation and security response (SOAR).

The deal makes Siemplify part of Google Cloud’s security team, joining its Chronicle operation.

“We plan to invest in SOAR capabilities with Siemplify’s cloud services as the foundation and the talent of the team in the lead,” Google wrote in a blog post. “Our intention is to integrate Siemplify’s capabilities into Chronicle in a way that helps organizations modernize and automate their security operations.”

Zaggle is looking to raise up to $250 million through its IPO

SaaS FinTech Zaggle hopes to go public at some point this year, multiple sources with knowledge of the situation told the moneycontrol.com website.

Mumbai-based Zaggle was founded by serial entrepreneur Raj N. Phani in 2011 and operates in digital payments, cashback and analytics. Its clients include Bayer, Tata Motors and HDFC Bank. The company hopes to raise between $200 million and $250 million through an initial public offering (IPO).

Moroccan B2B e-commerce platform Chari Nets funds $100 million valuation

Chari, a Morocco-based B2B eCommerce and FinTech startup, could see a $100 million valuation following a funding round.

Chari’s mobile application allows traditional local merchants in Morocco to order products and have them delivered.

The company is trying to enter the FinTech space following this bridge, led by Saudi Arabia-based venture capital fund Khwarizmi Ventures, AirAngels (Airbnb Alumni Investors) and Afri Mobility, the venture capital arm of the AKWA group.

Series E round values ​​6sense at $5.2 billion

Account engagement platform 6sense raised $200 million in a Series E funding round that propelled the San Francisco company to a valuation of $5.2 billion, according to a press release of the society.

PYMNTS spoke with 6sense CFO Rob Goldberg in 2020 about the challenges and opportunities his company has witnessed during the pandemic, and how CFOs can leverage technology to ensure the sustainability of a post-pandemic market.

Read more: The CFO as an organization’s financial “true north”

French telecom Orange supports the B2B Tech Fund

French telecoms Orange has invested in the “Move Capital I” fund with the aim of supporting emerging B2B technology “champions” in Europe.

“Orange Business Services and Move Capital share a common vision: to support, support and finance French and European technology companies in the B2B digital sector to facilitate their development and emergence and ensure European technological sovereignty,” the company said in a press release.

Move Capital is active in areas such as Internet of Things (IoT), Artificial Intelligence (AI) and data analytics.

B2Brazil launches B2B marketplaces in Mexico, Chile and Colombia

B2Brazil Serviços Interativos unveiled online marketplaces in Chile (B2Chile), Colombia (B2Colombia) and Mexico (B2Mexico). The company said the new trio relies on B2Brazil’s technology and database, serving more than 20,000 people.

New marketplaces are also connected to over 200,000 businesses and hundreds of thousands of products and leads to buy and sell. Each marketplace operates in four languages: English, Portuguese, Spanish and Chinese.

Paya expands its B2B offer with a partnership with Transcard

Payment processor Paya has formed a partnership with Transcard, a company providing payment technology to financial institutions (FIs).

The companies said that by integrating Transcard’s technology and banking infrastructure, Paya can “dramatically expand” its B2B commerce suite, with a fully integrated Accounts Payable (AP) module and supplier network.

“This new partnership will enable Paya customers to seamlessly send data-rich payments to their vendors via ACH and virtual card, reducing the back-office burden caused by paper checks,” they said. the companies said in a press release.

PayFit raises $276 million to transform HR technology

PayFit, a Paris-based payroll and human resources management tool for small and medium-sized enterprises (SMEs), raised 254 million euros ($276 million), the highest ever raised by the company.

The funding values ​​PayFit at $2 billion and will allow the company to recruit staff, accelerate the development of new innovative products and increase its market share in Europe.

OfficeSpace workspace management platform raises $150 million

Workspace management platform OfficeSpace Software has landed a $150 million strategic investment from Vista Equity Partners.

The funding will allow OfficeSpace to “continue to build on its industry-leading platform, enabling organizations to continuously improve and evolve their workplace strategy, including how they allocate their real estate investments. and enabling employee productivity through insightful dashboards and reports,” the company said in a press release.

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NEW PYMNTS DATA: 70% OF BNPL USERS USE BANK PAYMENT OPTIONS, IF AVAILABLE

On: Seventy percent of BNPL users say they would prefer to use the installment plans offered by their banks – if only they were made available. PYMNTS’ Banking On Buy Now, Pay Later: Installment Payments and the Untapped Opportunity of FIssurveyed more than 2,200 U.S. consumers to better understand how consumers view banks as BNPL providers in a sea of ​​BNPL pure-players.

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This entry was posted in Account Payable and tagged accounts payable.
Amy A. Stuart

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