Checkout.com reveals new headquarters as revenues jump to over $70m

By Oliver Smith on 9th October 2019

Fintech

Payment processing giant plans to employ 1,000 people by the end of 2020.

Checkout.com reveals new headquarters as revenues jump to over $70m
Image source: Guillaume Pousaz, Checkout.com’s CEO and Founder.

Fitzrovia-based Checkout.com is planning to relocate to a new headquarters in Old Street in early 2020, tripling its office space as it hires 100 new staff in London.

The company said its goal is to reach a headcount of 1,000 globally by the end of next year.

“Our new headquarters is three times as big as the old one and that’s a clear statement of our commitment to London from where we can build a genuinely global business,” said Guillaume Pousaz, Checkout.com’s CEO and Founder.

“I founded my business in London because of the quality of talent here, a forward-thinking regulator and the overall energy of the start-up scene. We are excited to start this next chapter of our story.”

Checkout.com also posted a 60% jump in net revenue in its 2018 results yesterday, to $74.8m in 2018, up from $46.8m in 2017.

While the company is profitable, its net profits fell 64% from $6.6m to $2.3m in 2018.

In May Checkout.com announced a bumper $230m in Series A funding round from Insight Partners and DST Global which valued the business at nearly $2bn.

Last month Checkout revealed a boost to its Paris office with plans to hire an additional 50 staff on news that the firm had secured a French e-Money licence to operate.