Qatar investors of QIA and consortium acquired stake in UK checkout.com for $1 billion
Qatar Investment Authority and a consortium has acquired stake in Checkout.com, a UK-based global payments processor, for 1 billion USD.
Launched in 2012, checkout.com provides payments solutions in more than 150 currencies with a team of 1,700 people across 19 offices. (QIA was established in 2005. Headquartered in Doha, it was founded as a means to strengthen the country's economy. the fund predominantly invests in international markets United States, Europe and Asia-Pacific and within Qatar outside the energy sector.)
Qatar Investment Authority is listed in the Middle East Investors Directory with the code BD44.
What we like about the deal:
This is Checkout.com series D of fundraising and they are talking about Web3 in their press release; a lot! We are witnessing a huge interest from Middle East investors in crypto and Web3.
Job of the day:
Morgan Stanley is offering an investment banking internship in Dubai. See more
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