The latest UK business to become a unicorn (a company valued at more than $1bn) has been revealed as Checkout.com, following its latest equity funding round of £176m.
Like many of its fellow British unicorns, Checkout.com operates within the Fintech space and develops a range of software for businesses to process online payments in multiple currencies.
The Isle of Man-based company first turned a profit in 2015 – just three years after incorporation.
Kickstarting 2018 by attending the FutureFifty Accelerator run by TechNation, Checkout.com gained access to mentoring, technical expertise and networks for the two-year duration of the programme.
The programme’s alumni include the likes of OakNorth Bank, Azimo, Bulb and Darktrace, big names in the world of disruptive business. In November 2018, shortly after the beginning of this acceleration, the payment processing platform placed second in Deloitte’s Fast 50 2018 high growth list – narrowly being beaten for the top spot by food delivery platform, Deliveroo.