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Checkout.com Reaches $12 Billion Valuation Through Employee Share Buyback Program

Prime Highlight

  • Checkout.com has reached a $12 billion valuation through an employee stock buyback program, marking nearly a 30% increase from 2023.
  • The valuation was achieved internally via a 409A assessment, with no external investors involved.

Key Facts

  • Checkout.com processes around $1 billion in e-commerce payments daily and has expanded its workforce to 2,000 employees across 19 offices.
  • The company is on track to achieve full-year profitability in 2025, after turning profitable at the end of 2024.

Background

Fintech company Checkout.com announced on Friday that it reached a $12 billion valuation through an employee stock buyback program. This is almost a 30% increase from its $9.35 billion valuation in 2023.

The valuation was determined through a 409A assessment by an independent third party, rather than through external investment. Only Checkout.com itself is buying back shares, with no other investors involved, the company said. Employees who have worked at the company for at least one year are eligible for the buyback, though the company did not disclose the total size of the program.

London-based Checkout.com, a popular payment provider for major e-commerce sites like eBay and Pinterest, is on track to achieve full-year profitability in 2025, after starting to turn a profit by the end of 2024. The company processes around $1 billion in e-commerce payments every day and added 300 employees this year, bringing its global workforce to 2,000 across 19 offices.

Checkout.com’s valuation comes after a period of volatility. At its $1 billion Series D round in 2022, the company was briefly valued at $40 billion before adjusting downward amid a venture capital market downturn.

The milestone shows Checkout.com’s growth despite market difficulties. Its CEO, Guillaume Pousaz, has joined the Forbes billionaire list. While competitor Stripe has faced changes in its value, Checkout.com’s employee buyback highlights its steady growth and strong profits.

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