Checkout.com plans French expansion after securing licence

Payment giant Checkout.com, valued at $2bn in its $230m May fundraise, is planning to scale up its Paris office by more than 50 new employees over the coming year.

The move comes after Checkout.com yesterday announced it had secured an E-Money licence in France, enabling it to offer greater services to the French market and other Eurozone countries.

“We are thrilled to be licensed as an E-Money institution at a time when French businesses have proven themselves as leaders in the ever-changing eCommerce space,” said Checkout.com CEO Guillaume Pousaz.

“As a company whose own leadership team has meaningful connections to the French community, we look forward to being a part of that growth.”

Checkout.com already counts some of France’s leading online businesses as customers, including Veepee and Aircall along with international players like easygroup, Virgin Active, TransferWise and Dashlane.

Checkout.com is also now integrated with Carte Bancaire, France’s national interbank network, through which some 60 per cent of French payment transactions take place.