Checkout.com has reported a profitable end to 2024 as it hits a £1bn milestone.
The digital payments giant delivered 45% Q4 revenue growth in its core business, which serves the commerce and FinTech sectors and accounts for 95% of total volumes.
More than 40 merchants now process over $1bn annually on the Checkout network, while it welcomed over 300 global enterprises to its community in 2024. It works with the likes of Alibaba, adidas, Delivery Hero, Docusign, Dyson, Ikea, Remitly, The Financial Times, Sainsbury’s, Sony, Uber Eats and Wise.
The company reported growth in every region in which it operates, including more than 80% volume growth in the US.
The London-headquartered company is targeting 30% net revenue growth in 2025 and is projected to grow its headcount by 15% globally, having grown 12% in 2024.
“The growth we have experienced is a testament to our team’s ambition and the trust of our merchants,” said Guillaume Pousaz, founder and CEO.
“In 2025, we’ll continue working tirelessly to solve our customers’ toughest challenges, driving better performance and providing direct access to the regions and payment methods their customers prefer.”
The company’s vault now stores over 2.5bn cards, while it launched the Checkout Business Account in 2024, designed to help businesses optimise cash flow management and reduce the time and cost of money in transit.