Checkout.com company profile: valuation, funding & revenue

This Checkout.com company profile covers the company's valuation, revenue, funding rounds, investors and history. Checkout.com works in fintech, with a focus on online payments for enterprises. It was founded in 2012 and is headquartered in London, England, United Kingdom. Its latest valuation on record is US$12 billion (internal 409A valuation used for an employee share buyback) (September 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Checkout.com timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2012 — Checkout.com is founded in London by Guillaume Pousaz (CEO).
• Jan 2022 — Series D: See source, valuing the company at US$40B.
• Sep 2025 — Employee share buyback: Not disclosed, valuing the company at US$12B (409A, set by independent third parties). Investors: Company buyback for about 2,000 eligible employees.
• 2024 — Profitability: Exited 2024 profitable (company-reported).
• 2024 — Net revenue growth (core business): 45% in 2024; about 80% revenue growth in the US.
• 2025 — Employees: About 2,000 in 19 offices (reported).

Investors

Overview

Checkout.com processes online payments for large businesses around the world. Its customers are mostly big digital merchants, such as marketplaces, travel companies, gaming platforms, crypto exchanges and global retailers, that need to accept many payment methods in many countries with high reliability and low fees. It provides payment acceptance, fraud prevention, payouts, card issuing and related services through a single platform.

Guillaume Pousaz, a Swiss entrepreneur, founded Checkout.com in 2012 and leads it as CEO. The company is headquartered in London. It grew quietly for years before becoming one of Europe's most valuable startups during the 2021 boom.

How Checkout.com makes money

Like other payment processors, Checkout.com earns fees on the payments it processes. Because it focuses on large enterprises, its pricing is typically negotiated and relatively low per transaction, so it depends on very high volumes. Its edge is technical performance: higher approval rates, lower fraud and better routing can save large merchants significant amounts, which justifies their choice of provider even if headline fees are similar to competitors'.

The valuation reset

Checkout.com's valuation history is one of the most dramatic in fintech:

• January 2022, Series D: US$40 billion, making it one of Europe's most valuable private tech companies at the time.
• Later internal valuations: the company subsequently cut its internal valuation sharply, including to about US$9.35 billion in June 2023, according to reports.
• September 2025: an internal valuation of US$12 billion, set by independent third parties as a "409A" valuation, used for an employee share buyback open to about 2,000 employees. That's roughly 30% above the 2023 internal figure but about 70% below the 2022 Series D.

A 409A valuation is an independent assessment of the fair market value of a private company's common shares, used mainly for setting the price of employee stock options under US tax rules. It's typically lower than the price investors pay for preferred shares in a funding round, partly because common shares don't carry preferences. So the US$12 billion figure and the US$40 billion Series D price aren't measuring exactly the same thing, but the direction is clear: the market value of the company fell a long way from its peak. Our guide to down rounds explains how these resets affect shareholders.

Profitability and growth

Checkout.com said it exited 2024 profitably, after 45% net revenue growth in its core business, and that the US was its fastest-growing region, with about 80% revenue growth. The September 2025 announcement described the company as accelerating towards full-year profitability. For a payments company focused on enterprise customers, profitability matters a great deal, because it shows the business can fund its own growth and compete on price without relying on outside capital.

Revenue: what's public

Checkout.com hasn't published a total revenue figure in the sources we reviewed. Its UK companies file accounts with Companies House, which can provide more detail for those who want to dig further. Third-party estimates exist but aren't company-reported, so we show revenue as not disclosed and list the growth rates the company has shared.

Competitive landscape

Checkout.com competes with Stripe, Adyen and other global processors, as well as with banks' merchant acquiring businesses. Stripe has an advantage with developers and smaller businesses, while Adyen is strong with large enterprises. Checkout.com competes mainly for large digital merchants, where performance, global coverage and price are decisive. Winning or losing a few very large merchants can noticeably affect growth.

Why the employee buyback matters

When a company's valuation falls sharply, employees' equity can lose most of its value, and stock options may become worthless. A buyback at a known price gives employees real liquidity and a credible current value for their shares, which helps with retention. It also signals that the company has cash to spare, which is consistent with its profitability claims. See our guides on employee option pools and selling startup shares.

What to watch next

Watch for full-year profitability, growth in the US, large merchant wins or losses, new products, and any external funding or IPO plans. The company has said it has no plans to go public in the near term, according to some reports, so internal valuations and buybacks may remain its main valuation markers for now.

Key facts at a glance

Checkout.com is a London enterprise payments company founded in 2012 by CEO Guillaume Pousaz. It was valued at US$40 billion in its January 2022 Series D. In September 2025 it announced an employee share buyback at a US$12 billion 409A valuation, after reporting that it exited 2024 profitably with 45% net revenue growth in its core business and about 80% revenue growth in the US.

How enterprise payment processors compete

For a merchant processing billions of dollars a year, small differences in payment performance add up to large sums. If one processor approves 1% more legitimate transactions than another, that can mean millions in extra sales. Enterprise processors therefore compete on authorisation rates, fraud prevention accuracy, global coverage of local payment methods, reliability during peak periods, and the quality of their data and reporting. Many large merchants use more than one processor and route transactions between them, which keeps competitive pressure constant.

For merchants, the practical step is to measure approval and fraud rates by country and card type with each provider, and to renegotiate or reroute volume based on the results rather than headline pricing alone.

Even a small improvement in approval rates often outweighs a meaningful difference in processing fees, which is why large merchants test providers continuously.

Testing is continuous, not one-off.

What this means if you're…

A large online merchant: compare processors on authorisation rates, fraud losses and total cost in your key markets, not just headline fees; a one-point improvement in approvals can be worth more than a fee cut.

A startup employee: understand the difference between a funding round price and a 409A valuation when assessing what your equity is worth.

An investor: Checkout.com shows how a peak-era valuation can reset even as the business grows and becomes profitable.

Latest developments (October 2026)

Checkout.com returned to full-year EBITDA profitability in 2025, with total payment volume of US$300 billion, up 64%, and net revenue growth above 30% for a second year. In September 2026 it said it had reached US$750 million in annualised net revenue, up 28%, and expected about US$150 million of adjusted EBITDA and around US$480 billion of payment volume for full-year 2026, according to the company. Its latest valuation remains the US$12 billion internal valuation used for its 2025 employee buyback, far below its US$40 billion 2022 peak.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Checkout.com newsroom
2. Wikipedia