📈 Strong Revenue Growth
Checkout.com, a UK-based fintech, saw 45% YoY net revenue growth in 2024. It secured 300 new enterprise clients, including Alibaba, Adidas, and Uber Eats. Its payment volume remains dominated by commerce and fintech firms, accounting for 95% of transactions.
🚀 Expanding Operations
Headcount grew by 15% to 1,900 in 2024, with another 15% growth planned for 2025. The company expanded into Brazil, Japan, and Canada, strengthening its global presence. Despite its push for growth, Checkout.com exited the crypto space, halting stablecoin settlements.
📉 Valuation Rollercoaster
Once valued at $40B in 2022, Checkout.com’s valuation plummeted to $11B later that year, then dropped to $9.35B in 2023. Despite these cuts, its leadership remains focused on business fundamentals and profitability rather than immediate public market access.
🛑 No IPO on the Horizon
Founder Guillaume Pousaz once hinted at a US listing, but CPO Meron Colbeci says it’s not in the near future. “We’re focused on serving our merchants and sustaining profitability,” he stated, emphasizing long-term business health over short-term market moves.
Should Checkout.com go public, or keep building privately?
