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A&O advises on’s USD1 billion fundraising amid its major US push

Allen & Overy has advised, the global payments processor, on raising USD1 billion in its Series D funding round at a valuation of USD40 billion. Primary investors include Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global, The Oxford Endowment Fund, and another large west coast mutual fund management firm. is one of Europe’s most valuable tech companies and is at the heart of the global Fintech ecosystem, serving large-scale ecommerce and services merchants like Netflix, FarFetch, Grab, NetEase, Pizza Hut, Shein, Siemens and Sony; fintech unicorns such as Klarna, Qonto, Revolut and WorldRemit; and many of the world’s largest crypto players, including Coinbase,, FTX, and MoonPay. Over the past year the company opened new offices in six countries across four continents to cater to surging merchant demand.

This latest round of funding will strengthen an already solid balance sheet and drive three key initiatives: its ambitious growth plans for the US market; the continued evolution of its proprietary technology platform; and its drive to remain on the cutting edge of Web3.

Technology partner Will Samengo-Turner said: “It's fantastic to work with the team at, a market leader in next-gen payment solutions, and to see the company’s valuation more than double since Series C – a true testament to their success. We’re excited to see what the future holds for as they continue to flourish.”

The A&O team was led by partner Will Samengo-Turner and senior associate Josh Little. Further details of the transaction can be found here.