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A little-known European startup with no history of raising money from outsiders is riding investor euphoria for the payments sector into the billion-dollar club.
Checkout Ltd., a digital-payments processor based in London, recently raised $230 million from investment firms including Yuri Milner’s DST Global, Insight Venture Partners and Singaporean sovereign-wealth fund GIC Private Ltd., the company said on Thursday. The fundraising round, Checkout’s first, values the company at nearly $2 billion, according to people familiar with the matter.
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