Checkout.com, a London based fintech has soared to the top of the valuation charts with a $5.5 billion USD valuation after closing a $150 million dollar series B funding round. This valuation is more than triple its valuation after its first $230 million USD raised in 2012 - fueled by growing demand in the e-commerce space, which is one of the few areas experiencing a boom as a result of the Covid-19 pandemic. Checkout.com is one of a small group of fintechs that are posting a profit, posting a $2.3 million profit in 2018.
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