Checkout.com is now valued at $40B after a $1B raise 🤯; US banks to offer their own stablecoin? 🤔; Robinhood-like experience in Indonesia🇮🇩

Good Morning FinTech, January 13

Good day Everyone,

And happy Thursday! We’re almost done with the week - what a blast it was! But don’t relax just yet as there are 3 really hot FinTech stories you cannot ignore today:

Checkout.com is now valued at $40B after a $1B raise 🤯

The money 🤑 Rising payments giant Checkout.com has almost tripled its valuation to $40 billion on the back of a whopping $1 billion Series D funding round. One can remember that the company was last valued at $15B in a $450M Series C round in January last year. Not too shabby! 🤯

Primary investors include Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global, the Oxford Endowment Fund, and another large west coast mutual fund management firm.

The USP 🥊 Checkout.com provides merchants with a single platform combining payments, fraud monitoring, and analytics. Launched in 2012, the firm now has a team of more than 1700 people across 19 offices worldwide.