Cheqout Analysis: $1.0B Raised
What is Cheqout?
Cheqout is a mobile ordering and payments platform designed for brick-and-mortar businesses. Founded in 2020, it allows customers to place orders and make payments using their own devices through QR codes. The platform aims to enhance the customer experience in food and beverage settings.
Location
San Francisco, United States
Employees
1-10
Founded
2020
Revenue
$1.9M - $5M
How much Cheqout raised
Series D - $1 billion
January 12, 2022Lead Investor: Altimeter Capital, Dragoneer Investment Group, Franklin Templeton, and others.
Who are the founders of Cheqout
TK
Investors
- Open Opportunity Fund
- AltaIR Capital
- Bali Venture Partners
- Nordstar Partners
- Pioneer Fund
- Root and Shoot Ventures
Market Focus
Checkout primarily focuses on the financial technology (fintech) industry, specifically as a global payment service provider that offers online payment processing, fraud detection, and financial management solutions.
Competitors Overview
The main competitors of Checkout.com in the payment service provider market include:
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Stripe Payments: Known for its comprehensive payments platform designed for growth, Stripe is rated 4.2 out of 5. It is recognized for its extensive features but is noted to be slower in reaching ROI compared to Checkout.com.
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PayPal Payments: With a rating of 4.4 out of 5, PayPal offers robust solutions for both online and in-person sales. Users find it more usable than Checkout.com, although it also has a slower ROI.
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Amazon Pay for Business: Rated 4.5 out of 5, this service simplifies the checkout process for customers using their Amazon accounts. It is considered more user-friendly than Checkout.com but similarly has a slower ROI.
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FreshBooks: This platform, rated 4.5 out of 5, is optimized for invoicing and small business management, making it easier to set up and use compared to Checkout.com.
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Birdeye: With a high rating of 4.7 out of 5, Birdeye focuses on reputation management and customer experience, noted for its usability advantages over Checkout.com.
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Adyen: A leading competitor primarily serving B2B and enterprise clients, Adyen offers over 250 payment methods and advanced features like fraud detection. It has more extensive integration partnerships than Checkout.com but lacks the same level of international currency coverage.
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Wise Business: This competitor provides a multi-currency account for international businesses, allowing low-cost payments with mid-market exchange rates, making it a cost-effective alternative.
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TSYS: Specializing in payment processing, TSYS offers customizable experiences and operates in over 80 countries, processing billions of transactions annually.
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Bolt: Focused on e-commerce, Bolt provides a one-step checkout solution that enhances conversion rates for merchants.
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Flywire: This service simplifies complex payment processes for secure cross-border transactions, supporting various local payment methods.
Each competitor has unique strengths, such as usability, setup ease, and specific features that may appeal to different business needs.
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