3 years ago233Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Checkout.com raises $450M
Checkout.com has announced the close of a $450 million Series C round that values the company at $15 billion.
The company, which was founded in London and currently maintains offices across the globe, aims to offer a sort of one-stop shop for all things related to payments, such as accepting transactions, processing them and detecting fraud.
New and existing investors backed the round, including new investors Tiger Global Management and Greenoaks Capital.
Walmart creates fintech startup
Walmart announced that it has created a new fintech startup as part of a strategic partnership with fintech investment firm Ribbit Capital.
The company will be majority-owned by Walmart. Its announcement offered few details about the new venture, beyond that it is “designed to develop and offer modern, innovative and affordable financial solutions.”
The partnership marks an interesting new step for Ribbit, a 9-year-old firm with past investments that include zero-fee stock trading platform Robinhood, free credit score provider Credit Karma and point-of-sale loan provider Affirm.
Bakkt to go public via SPAC
Bakkt, a financial services company that focuses on digital currency that specializes in concurrency, rewards and loyalty points, said it was going public via a merger with VPC Impact Acquisition Holdings, a special purpose acquisition corporation, in a deal valued at $2.1 billion.
The combined company will be renamed Bakkt Holdings Inc. and will list on the New York Stock Exchange. The deal is expected to close in the second quarter.
Bakkt, headquartered in Atlanta, was founded in 2018 by Intercontinental Exchange and has raised $482.5 million in venture-backed funding, according to Crunchbase data. That includes a $300 million Series B investment last March led by a group including CMT Digital Ventures LLC.
Funding rounds
Workato inks $110M for enterprise workflow: Automation-led integration Workato announced a $110 million Series D funding round led by Altimeter Capital alongside Insight Partners, bringing the company’s new valuation to $1.7 billion and total amount of funding raised to-date to $221 million.Jobber raises $60M for home professionals: Jobber, a Canadian startup that helps small home service businesses organize their operations, raised $60 million in a funding round led by Summit Partners.Illustration: Dom Guzman
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