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Checkout.com’s new $12B valuation is a glass half-full situation
Checkout.com is boosting its valuation as part of an employee stock buy-back program, and now says it's profitable.
Fintech Checkout.com announced on Friday that it reached a $12 billion valuation as part of an employee stock buyback program. Checkout.com says it processes about $1 billion worth of ecommerce payments a day and hired 300 more employees this year, bringing headcount to 2,000 people across 19 global offices. Checkout.com also tells TechCrunch that employees with tenure of at least a year will be eligible for the buy-back program, but declined to indicate the size of the buyback, either in total spend or number of shares.
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