Checkout.com Looks to Return to Profit as It Hires Hundreds
Live Mint-- Checkout.com is returning to growth after a multibillion-dollar slump in valuation and years of losses, with plans to increase its headcount by 15% and return to profitability in 2025. The London-based electronic payments firm’s net revenue rose 40% last year, it said in a letter to merchants and stakeholders seen by Bloomberg News, and ended the year with positive adjusted Ebitda. “In 2025, we’re targeting 30% growth and sustained profitability driven by product innovation, global expansion, and operational efficiency,” wrote Guillaume Pousaz, founder and chief executive officer. Globally, the company has homed in on providing other firms such as Klarna, Alipay and Zilch with payments technology, said Meron Colbeci, Checkout’s chief product officer. Checkout was one of Europe’s biggest startups with a valuation of $40 billion in 2022, when it raised money from institutions including Tiger Global Management and the Qatar Investment Authority.
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