Connect with us

Hi, what are you looking for?

Investing crowned UK’s most valuable fintech with $1bn raise

Payments firm has raised $1bn (£730m), giving it a $40bn (£29bn) valuation and crowning it the UK’s most valuable private fintech.

The London-headquartered firm said it will use the capital injection to fund growth in the US market and launch new marketplace solutions.

It also plans to “strengthen leadership in Web3” – a nascent version of the internet based on blockchain technology. provides a payment services application programme interface (API) in more than 150 currencies. Its technology is used behind the scenes by merchants such as Netflix and Pizza Hut, along with fintech companies Klarna and Revolut.

Its full-stack software is also used by cryptocurrency firms such as Coinbase and and the company indicates it is betting on Web3 becoming a high-growth area.

“At our core, we help enterprise merchants to navigate the complexity of moving money around the world, whether in fiat currency or bridging the gap to Web3,” said founder and CEO, Guillaume Pousaz.

“By combining an elegant technology stack with industry expertise and an ‘extra-mile’ approach to service over the past decade, we’ve built deep partnerships with some of the world’s most innovative companies.”

The funding provides 40-year-old Pousaz with a paper fortune of about $20bn.

Primary investors in the Series D round were Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global, the Oxford Endowment Fund and a “large west coast mutual fund management firm”.

Some of the fintech’s previous backers also provided funds.’s latest funding sees it more than double its valuation just one year after it raised $450m in a Series C round. It also means has leapfrogged client Revolut to become the most valuable UK fintech.

The company, which was founded in 2012, says it’s been profitable for “several years”. It has more than 1,700 staff across 19 offices globally. It has opened new offices in six countries over the past year.’s latest funding round means the UK’s thriving fintech sector has begun the year where 2021 left off, with VC investment in UK fintech companies reaching a record $11.6bn.

Read more: crowned UK’s most valuable fintech with $1bn raise

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



HANOI — Halfway through the 31st Vietnam Southeast Asian (SEA) Games, national team chef de mission Ramon Fernandez was guardedly optimistic that if the...


BAC NINH CITY — Ian Clark Bautista opened the campaign of the Philippine boxing team on a high by scoring a lopsided unanimous decision...


HANOI — Bolstered by its rousing opening-day win over Indonesia, the Philippine women’s basketball team faces a big test on Wednesday in the 31st...


HANOI — Four-time Southeast Asian Games champion Kiyomi Watanabe and two-time winner Mariya Takahashi are not on the national judo team competing in the...


ALL members of the Philippine team seeing action in the ongoing 31st Southeast Asian (SEA) Games in Hanoi, Vietnam have been insured until the...


LIVERPOOL is not blind to the qualities of Kylian Mbappé but will not be drawn into a bidding war for the Paris Saint-Germain (PSG)...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.