London-headquartered payments processor Checkout.com has completed a £600 million Series E fundraise led by existing investors including Tiger Global, Insight Partners, and sovereign wealth fund GIC. The round values the company at approximately £8 billion, a notable reduction from its 2022 peak valuation of £32 billion but still placing it among the most valuable private fintech companies in Europe. Founder and CEO Guillaume Pousaz acknowledged the reset but emphasised that the business is now generating positive EBITDA and processing over £200 billion in annual payment volume.

The capital will fund Checkout.com's expansion into stablecoin-based settlement rails, a move that positions the company to compete with emerging crypto-native payment networks. The firm has already secured partnerships with Circle and Paxos to enable USDC and USDP settlement for its merchant clients, reducing cross-border transaction costs by an estimated 40 basis points. Additionally, the company plans to deepen its embedded finance offering, allowing platforms to white-label payment acceptance, lending, and treasury management services.

Despite the valuation haircut, the round was oversubscribed, with several late-stage growth equity funds turned away. Industry observers noted that the repricing reflects broader market discipline rather than company-specific weakness. Hussain Kanji, managing partner at Hoxton Ventures, told CityAM that the deal is actually a positive signal for London's fintech ecosystem, demonstrating that high-quality companies can still raise significant capital even in a more sober funding environment.