Guillaume Pousaz, CEO and founder of Payment Platform Checkout.com, spoke in 2022 on the annual Web Summit Technology Conference in Lisbon, Portugal.
Horacio Villalobos | Getty pictures
London – FinTech Unicorn Checkout.com gives employees the opportunity to contain their shares: they buy.
In the London headquarters on Friday, it says on Friday that they should start a share initiative for the employees to “offer them a way to liquidity”.
The share buyback program is based on a new internal assessment of $ 12 billion, said Checkout.com. Although it is internal, the evaluation is a significant decline compared to the last round of donations -Checkout.com was valued worth 40 billion US dollars in a funding round of $ 1 billion in 2022.
The company reduced its internal rating in 2022 to 11 billion US dollars and then in 2023 to 9.35 billion US dollars. Checkout.com regularly explains the value for his employees in his equity incentive program.
The FinTech competes with payment service providers such as Stripe, Adyen And PayPal. The company processes billions of dollars of transactions for people such as eBayIkea and Sainsbury's.
Such a share of share has proven to be more popular for start-ups in order to offer long-term employees and other liquidity of investors, especially if technology companies remain private in a multi-year decline in the initial public offers.
According to Checkout.com, it is now on the right track to exceed a target of 30% core net sales growth this year and predicts $ 300 billion in the annual e-commerce payment volume.
“We are relentlessly focus on growth and innovation, in particular on the effects of AI and the expected increase in agent trade,” said Guillaume Pousaz, CEO and founder of the company, in a press release.
Several other private fintechs have decided to sell shares to employees in the past few months.
In February, Stripe announced an offer with which early investors and employees can sell shares to an evaluation of 91.5 billion US dollars. At the beginning of this month, Revolut offered employees the opportunity to sell shares on the secondary market for an evaluation of $ 75 billion.
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