Fintech Checkout.com is decreased to $ 12 billion

LONDON – FINTICHORN CHECKOUT.com gives employees a way to spend in their shares: buy them.

The London -based payment platform said on Friday that it is planning to launch the initiative to retake the shares for employees “to provide them with a path of liquidity.”

The shares re -purchase program depends on a new internal evaluation of $ 12 billion. Although it is internal, the evaluation represents a significant decrease from the last fundraising tour.

Checkout.com was Worth $ 40 billion In a $ 1 billion financing round in 2022. However, it was said that it reduced its internal evaluation to $ 11 billion later that year, according to what he said. Reports. Checkout.com says it regularly monitors its employees in its incentive program.

Fintech competes with payment service providers like Stripe, Condemn and PayPal. The company processes billions of dollars in transactions every year for proverbs CoinbasePizza hut and H & M..

These stock sales have proven increasingly common for startups to provide employees for a long time and liquidity other investors, especially since technology companies remain special for a longer period amid a multi -year decrease in initial public offers.

Checkout.com says it now goes beyond a target of 30 % basic revenue growth this year and is expected 300 billion dollars in the annual e -commerce payment volume.

“We are relentlessly focused on growth and innovation, especially with the impact of artificial intelligence and the expected height of the agent’s trade,” said Joomium Bousaz, CEO of the company and the founder of the company in a press statement.

Many other special technologies have chosen allowing employees to sell stocks in recent months.

In February, STRIPE announced a tender that allows investors and first employees to sell shares with a rate of $ 91.5 billion. Meanwhile, Revolution offered employees the opportunity to sell shares in the secondary market at a rate of $ 75 billion.

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