DST Global Managing Partner John Lindfors image: RISE / Flickr

Checkout, a London based payments company has raised $230 million Series A funding in what counts as the largest Series A ever for a fintech in Europe. According to the Wall Street Journal, the company was valued at nearly $2 billion with this round. DST Global and Insight Partners led the round, with participation from GIC, Blossom Capital, Endeavor Catalyst and other unnamed strategic investors.

Checkout says it’ll make use of the funding to further its growth in Europe, the U.S. and the Middle East, and also its expansion into Asia and Latin America. The payments company’s customers include the likes of Transferwise, Deliveroo, Patreon, Getty Images, Samsung, and Easygroup. It currently employs 345 persons; 200 based in London and the rest in other 8 offices. Checkout says its expects this number to triple over the next three years as it expands its core businesses and get into new product areas.

Insight Partners Managing Partner Deven Parekh Photograph by Stuart Isett/Fortune Brainstorm Tech

Insight Partners Managing Partner Deven Parekh is joining the company’s board as part of this investment. He’s quite known for early investments in JD.com, Alibaba, and Twitter.

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