Checkout.com is ramping up its global expansion as it eyes full-year profitability in 2025.
The London fintech is expanding to Japan, Saudi Arabia, Canada and Brazil in a bid to become one the top payment services provider in a number of new markets.
It follows the creation of Checkout’s business account services, in which it offers quasi-bank accounts for businesses in order to settle money faster and improve customer cashflow.
The firm is also seeking to expand its ‘Remember Me’ functionality in 2025, allowing shoppers to save their payment details, in a bid to accelerate online conversion.
The firm reported 40% net revenue growth in 2024, with 80% growth in the US, one of its major new markets, as it welcomed more than 300 new merchants over the course of the year.
However, the company declined to set out its revenue or profit for the year, figures which it is not legally required to disclose as its parent company is incorporated in Jersey, an offshore tax haven.
In a letter to customers, founder and CEO Guillaume Pousaz said: “We put everything into chasing every basis point, combining payment performance, rapid innovation, and world class service.”
“Performance doesn’t stand still, and neither will we. In 2025, we’re targeting 30% growth and sustained profitability driven by product innovation, global expansion, and operational efficiency.”
In 2022, Chaeckout raised $1bn (£730m), giving it a $40bn (£29bn) valuation and making it one of the UK’s most valuable private fintechs.
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