Here’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.
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 nine-year-old firm whose past investments include zero-fee stock trading platform Robinhood, free credit score provider Credit Karma and point-of-sale loan provider Affirm.
Funding rounds
- 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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The new round of funding comes less than a year after the company last raised money. Cockroach Labs last raised an $86.6 million Series D in May 2020.
More people staying home during the global pandemic helped Outer’s sales jump 1,000 percent over last year.
VC investment is growing as more financial services apps are built using blockchain technology and cryptocurrency is becoming more widely accepted.
Jellyfish, the Boston-based engineering management platform, closed a $31.5 million Series B to help push sales and product development after growing…
