Checkout Ltd
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Checkout Ltd - overview
Established
2012
Location
London, England, UK
Primary Industry
Software
About
Checkout Ltd is a payment processing company that provides a unified API for businesses to manage transactions, including card payments, digital wallets, and bank transfers, enabling seamless financial operations across various platforms. Founded in 2012 in London, UK, Checkout Ltd specializes in payment processing solutions for businesses. The company has raised a total of USD 1 billion across multiple funding rounds, with its most recent funding being a Series D round in January 2022. The firm was co-founded by Anjli Amin and Guillaume Pousaz, with Amin also serving as CEO.
Checkout Ltd operates globally, with a focus on regions including the UK, the United States, and several Asia-Pacific countries. Its expansion strategy and technological development are supported by significant investment from various financial institutions, including Altimeter Capital Management and Qatar Investment Authority. Checkout. com offers a comprehensive suite of payment solutions designed for businesses worldwide.
Its core offering includes a unified payments API that facilitates payment processing, enabling businesses to accept various methods like cards, digital wallets, and bank transfers. The platform is tailored to enhance transaction acceptance rates and streamline financial operations, serving a diverse client base from e-commerce to fintech across key markets such as the UK, Norway, Spain, and the United States. In the most recent year, Checkout. com reported a revenue of USD 246.
26 mn, with an EBITDA loss of USD 101. 21 mn for 2022. The company's revenue model is based on transaction fees from payment processing services provided to clients, which includes various pricing plans based on transaction volumes and additional service offerings. Following its Series D funding round in January 2022, where Checkout Ltd raised USD 1 billion, the company plans to utilize this capital to expand its presence in the US market and to further develop its proprietary technology platform.
The growth strategy includes launching new products aimed at enhancing its service offerings and penetrating additional geographic markets, with specific targets in North America and continued expansion in the Asia-Pacific region.
Current Investors
Insight Partners, GIC, DST Global
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software, Analytics & Performance Software, Application Integration Software
Website
www.checkout.com
Verticals
Cloud Computing, FinTech, Mobile Apps
Company Stage
Series D
Total Amount Raised
Subscriber access only
Checkout Ltd - timeline of key events
Checkout Ltd - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 29,908,000 | 46,767,000 | 74,826,000 | 146,384,000 | 252,719,000 | 259,635,000 | - | - | - |
| % Revenue Growth (YoY) | - | 56.4% | 60.0% | 95.6% | 72.6% | 2.7% | - | - | - |
| EBITDA (USD) | 7,938,000 | 8,380,000 | 3,696,000 | (6,674,000) | (27,014,000) | 3,192,000 | - | - | - |
| Operating Income (USD) | 7,903,000 | 8,213,000 | 2,799,000 | (9,786,000) | (35,690,000) | (11,901,000) | - | - | - |
| Operating Margin | 26.4% | 17.6% | 3.7% | (6.7%) | (14.1%) | (4.6%) | - | - | - |
| % EBITDA Margin | 26.5% | 17.9% | 4.9% | (4.6%) | (10.7%) | 1.2% | - | - | - |
| NET Income (USD) | 6,323,000 | 6,653,000 | 2,361,000 | (9,743,000) | (25,932,000) | (24,687,000) | - | - | - |
| % Net Margin | 21.1% | 14.2% | 3.2% | (6.7%) | (10.3%) | (9.5%) | - | - | - |
Checkout Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Pin Payments | - |
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Checkout Ltd - employee data
Checkout Ltd - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of Supervisory Board Checkout SAS | BM |
BM Board Member
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