Swiss billionaire Guillaume Puza, who is behind the fintech company Checkout.com, has become the richest technology entrepreneur in Europe. This happened after a round of raising capital. Puza’s company already has a market capitalization of $ 40 billion. Since the last round of fundraising, the company has raised $ 1 billion from a group of investors. According to Forbes, Puza owns nearly two-thirds of Checkout.com, and his fortune is now estimated at about $ 23 billion.
This latest round of funding puts Puza in the top 100 richest people in the world, according to Forbes. He is the only European technology entrepreneur among the leaders in the rankings.
Investors include Altimeter, Dragoneer, Franklin Templeton and others. Old investors such as Insight Partners and Tiger Global Management have also joined. According to Checkout.com, the money raised will go to finance the growth of business in the United States, where a 200% increase in the number of employees is planned for this year.
Checkout.com transfers money between buyers and online retailers and during the pandemic business flourished. In the latest reports published in October 2021 for the calendar year 2020, Checkout.com recorded a 73% increase in turnover to $ 252 million.
Checkout.com competitors such as Stripe and Adyen also boasted good ratings amid a boom in online shopping. Stripe reached an estimate of $ 115 billion in February last year. Adyen has a market capitalization of nearly $ 72 billion. The company’s shares have been rising since April 2020.
Checkout.com has become one of the highest rated startups in Europe. The founder of the Puza company lives with his family in Dubai. He left college and founded Checkout.com in 2012.
Puza’s share in Checkout.com, worth $ 23 billion, makes him even richer than the founder of Telegram, the Russian Pavel Durov, whose fortune is about 17.2 billion dollars.
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