, Back-End Firm for Crypto Giants, Raises $1B, Eyes Web 3 Push

The payments processor counts FTX, Coinbase and among its customers.

Jan 12, 2022 at 6:16 p.m. UTC
Updated Jan 13, 2022 at 4:51 p.m. UTC

London-based global payments processor has raised $1 billion in Series D funding at a $40 billion valuation. The funding will help drive U.S. market growth, continued evolution of the technology platform and Web 3 efforts.

  • “We have long-faced substantial demand to serve the U.S. market, and with our Series D, we’re doubling down on our commitment to scaling our platform, partnerships and products for customers here,” Chief Financial Officer Céline Dufétel said in the announcement post.
  • “Much like our approach in EMEA (Europe, Middle East and Africa), we will maintain our focus on the enterprise – especially fintech, software, food delivery, travel, e-commerce and crypto merchants. We’re looking to help our U.S. customers grow domestically and internationally, and to help our non-U.S. customers expand into the market here,” Dufétel added, noting that the number of North American employees at her company is expected to triple this year.
  • Over the past year, has opened new offices in six countries across four continents and expanded its executive team in the U.S. and Europe. The company now has more than 1,700 employees in 19 countries.
  • The funding round more than doubled’s valuation from the Series C round a year ago. Primary investors included Altimeter Capital, Dragoneer Investment Group, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global and the Oxford Endowment Fund, among others.
  • offers an online platform that simplifies payments processing for global online merchants. Customers include Netflix, Pizza Hut and Sony, as well as crypto companies Coinbase,, FTX and MoonPay.
  • will continue to focus on strengthening its position in the Web 3 sector, the company said. The company’s modular products and platform are used by fan token providers like and blockchain-based wallets like Meta’s much delayed Novi. is also beta testing a system to settle transactions for merchants using digital currencies.


The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Brandy covers crypto-related venture capital deals for CoinDesk.