Payment Platform
-
Fintech Checkout.com’s Valuation Slashed to $12 Billion
Checkout.com, a fintech firm, is offering employees a share buyback program based on a $12 billion internal valuation, a decrease from its $40 billion valuation in 2022. This allows employees to monetize equity amidst a challenging IPO market. The company, which competes with Stripe and Adyen, facilitates billions in transactions for clients like Coinbase and H&M. Checkout.com projects 30% revenue growth and $300 billion in payment volume, focusing on AI and agentic commerce. This follows similar moves by Stripe and Revolut, providing liquidity in a volatile market.
