While Checkout.com didn’t actually need to raise to stay alive, Pousaz says VC firms are a form of validation. Suddenly, you can talk with big prospects if you’re backed by Insight, DST, Coatue, Tiger Global Management, etc. And yet, the company needs a lot of money on its bank account to expand to more countries. “Today, we process billions every week,” Pousaz told me in December. “And when you process over a billion euros per week, your cash flow on your bank account increases significantly. So you need to be well capitalized for regulators.”

https://techcrunch.com/2021/01/11/checkout-com-raises-450-million-and-reaches-15-billion-valuation/