Digital payments solutions seem to be a safe haven as investors gear up for strong global e-commerce growth.

With the world forced into e-commerce for half a year, the value of the online international payments businesses has shot up. Natively digital fintech companies, especially, look set to steal the show for feverish funding.

For example, just received US$150m in funding round, tripling the value of the online international payments business. The US$5.5bn valuation reflects a growing business demand for transformative online payment solutions that perform across all geographies and channels. The current fundraise follows a record-breaking US$230m (320m SGD) haul last year, which was Europe’s largest fintech Series A round of funding ever.

The eight-year-old London-headquartered company already powers many of the world’s leading enterprises, adding more than 500 merchants to its books in the last 12 months including Grab, Revolut, Careem, Glovo, Robinhood, Farfetch, Klarna and Remitly. Its proprietary technology touts seamless and reliable global payment processing for enterprises.

The business offers direct access to domestic acquiring across payment methods and geographies. This is achieved through a single, unified integrated platform that gives enterprise businesses better performance and more control through advanced data features, fraud management tools, and comprehensive reporting.

Checkout processes over 150 currencies and offers access to all international cards and popular local payment methods to merchants through its proprietary integrated platform. This year, the fintech acquired two businesses, ProcessOut in February and Australian start-up, Pin Payments, in May.

Said Checkout CEO and founder Guillaume Pousaz: “The way money moves into and out of businesses is changing rapidly. I believe that by solving financial complexity, you can radically unlock innovation—starting with digital payments. We’ve built a technical architecture that enables pioneers to reinvent industries and redefine their relationship with consumers. Now more than ever, we are confident of our mission to build the connected payments that businesses deserve.”

The new funding was led by tech fund Coatue, along with participation from existing investors, including Insight Partners, DST Global, Blossom Capital, and Singapore’s Sovereign Wealth Fund, GIC.