Checkout.com’s ‘relentless focus on performance’ drives 2024 success

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Checkout.com is focusing on continued expansion and profitability following a strong global performance in 2024.

The digital payments firm reported a 45% year-on-year net revenue increase in its core business, with significant growth across all regions, including an 80% volume growth in the US.

Last year, Checkout.com onboarded over 300 global enterprises, with more than 40 of these merchants now processing over $1bn annually on its platform. Notably, the top 10 accounts account for just 18% of its revenues.

On Black Friday alone, 67 merchants processed over $10m each in a single day, representing a 63% increase compared to 2023.

Global expansion was a major highlight for Checkout.com in 2024. The company became the first global payments provider to establish direct integrations with Visa and Mastercard in Japan and further reinforced its presence in Saudi Arabia.

Meron Colbeci, Chief Product Officer at Checkout.com, commented: “Our success in 2024 reflects our relentless focus on performance – optimising every transaction to deliver greater value for our merchants.

“By unlocking the collective power of our network and coupling it with a modular approach that offers choice and flexibility, we empower businesses to build payment solutions that suit their unique needs. We’re excited for 2025 and the impact we’ll continue to make for our global merchants.”

According to an announcement, Checkout.com has no intention of slowing its growth in 2025, with plans to introduce direct acquiring capabilities in Canada and Brazil.

In a New Year letter addressed to merchants, partners and employees, CEO Guillaume Pousaz outlined the company’s 2025 goals, including 30% net revenue growth, a full year of profitability and a 15% increase in employee headcount.

At the beginning of the year, Checkout.com responded to reports regarding its FY23 UK company filings, which revealed a decline in revenue and gross profit compared to the previous year, despite a reduction in losses.

The company emphasised that these filings represent only a small portion of its global operations and should not be seen as an indicator of its overall performance.

Commenting on Checkout.com’s 2024 global results, Pousaz concluded: “The growth we have experienced is a testament to our team’s ambition and the trust of our merchants. 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.”