becomes most valuable fintech in EMEA region

By William Girling
Following a US$450m Series C funding round, London-based has become the most valuable fintech in EMEA and fourth in the world...

Following a US$450m Series C funding round, London-based has become the most valuable fintech in EMEA and fourth in the world.

The company is now worth approximately $15bn. This is almost triple its last valuation after its Series B round in June 2020, which stood at $5.5bn. 

The investment was led by New York firm Tiger Global Management, a tech specialist whose portfolio includes luminaries such as Facebook, LinkedIn and Spotify. offers customers the chance to unlock revenue through connected payment services on a unified platform with truly global coverage. Currently facilitating over 150 currencies and the most popular payment methods, the company claims to offer “unrivalled data and insight”.

“Payments affect everything from the customer journey to a business’s ability to enter new markets or launch new products,” said Guillaume Pousaz, CEO and Founder. 

“This latest fundraise reflects our market-leading position and the size of our aspirations as we accelerate in our mission to empower merchants to build better products, drive more revenue and create innovative business models by reimagining interactions with financial services. 

“Our new investors bring a wealth of experience across payments, technology and scaling companies – crucial knowledge for the next stage of our growth, as we continue to build our vision for the future of Connected Finance.”

Expanding in North America

In addition, made the dual announcement that it is opening two new offices in the US to complement its existing base in San Francisco: New York City and Denver. This will go hand-in-hand with hiring 700 new staff across all locations in 2021.

Despite making great progress so early in the year, the company is not resting on its laurels; has put itself in the lead, but, with the rapid development of digital commerce still ongoing, it will need to solidify that position. Scott Shleifer, Partner at Tiger Global Management, said:

“We are excited to partner with Guillaume and as they continue to build an innovative global payments and financial services platform trusted by leading internet companies. 

“We believe the shift to digital commerce is still in the early stages, and’s focus on developing a best-in-class technology platform has positioned them to be a leader in the industry for years to come.”

Image source:


Featured Articles

Pay Later: Does Apple's latest offering threaten BNPL?

We ask several industry insiders whether Apple Pay Later, the tech firm's foray into BNPL, threatens the market and risks marginalising smaller players.

Is Launching a Fintech Unicorn Easier than Ever Before?

With new unicorns in the fintech space emerging every week, we take a look at the traits that enable companies to scale at pace

Why BaaS is transforming the financial services space

We look at the latest changes in the BaaS space, taking into consideration new technologies, marketplace demands and changes in the financial landscape

Wealth management trends and the ‘new normal’

Financial Services (FinServ)

Innovation is driving fintech, Shuki Licht, Finastra CEO

Financial Services (FinServ)

SIX SME Banking Trends that are Disrupting the Space