Tag: Guillaume Pousaz

Checkout.com, an FCA-regulated e-Money Institution (EMI) and credit card processing company terminated its contract with crypto exchange Binance due to mounting regulatory concerns and inquiries regarding Binance's operations, Forbes reported. This bold move comes although Binance significantly contributed to its growth and valuation. Checkout also raised questions about the crypto exchange's compliance controls.

According to the Wall Street Journal, the London-based FCA-regulated payment processor Checkout Ltd d/b/a Checkout.com raised $1 billion in a recent share sale that valued it at $40 billion. New investors including Franklin Templeton and the Qatar Investment Authority participated alongside existing ones, such as Insight Partners and Tiger Global Management. Checkout is one of the big crypto-to-FIAT payment processors. It didn’t raise money from outside investors until 2019 but is one of the most valuable start-ups in the world.