Checkout.com announces employee share buyback at $12bn valuation

Core Insights - Checkout.com plans to launch an employee share buyback program at a valuation of $12 billion, aiming for over 30% net revenue growth in its core business for the current fiscal year [1] - The company anticipates processing more than $300 billion in eCommerce payment volumes this year, with daily processing exceeding $1 billion [2][3] - Checkout.com reported a 45% increase in net revenue growth for its core operations, indicating strong performance and strategic partnerships [3] Business Strategy - The company focuses on delivering value to merchants through partnerships with leading brands like eBay and ASOS, enhancing its position in the digital economy [2] - Checkout.com is onboarding enterprise partners to address merchants' needs for better payment data and higher conversion rates [3] - Plans for sustainable expansion include a 15% growth in workforce, adding 300 new employees by the end of the year [4] Technological Advancements - Investments in machine learning and AI, particularly in agentic commerce, have improved payment performance, unlocking an additional $15 billion in revenue for merchants [6] - New functionalities such as Visa Intelligent Commerce and Mastercard Agent Pay have been embraced, along with support for Google's Agent Payment Protocol [5] - The company has launched card issuing services in collaboration with Visa to streamline merchant transactions [4]