Dive Brief:
- Checkout.com promoted Céline Dufétel to president, a spokesperson for the company said in an email to Payments Dive Wednesday. She will exit the chief financial officer role, but remain as chief operating officer, overseeing operational and go-to-market teams, including finance and marketing.
- In the wake of that change, Nirupam Sinha was promoted to take the chief financial officer position at the global payments software provider, the company spokesperson confirmed.
- The shuffle marks the latest development in the London-based company’s plan to expand to the U.S. and “take on Stripe,” according to the spokesperson. Fintech darling Stripe has often been the go-to option for merchants looking to break away from legacy payments providers.
Dive Insight:
Dufétel joined Checkout.com in September 2021 as COO and CFO, according to her LinkedIn profile. She had previously held those posts at the investment management company T. Rowe Price and earlier in her career had worked for investment firm Neuberger Berman and the consulting firm McKinsey.
Sinha followed her to Checkout.com in November 2021 to become senior vice president of corporate finance and strategy. Prior to joining the payments provider, he had also been at T. Rowe Price from 2018 to 2021 as global head of product as well as group CFO of global distribution, according to his LinkedIn profile. He was also at McKinsey from 2016 to 2018 as an associate partner.
Checkout.com is “the only viable challenger to Stripe,” and, with the changes in its leadership, it’s “staking its claim in the U.S. by giving merchants more options during a critical macroeconomic climate where every dollar matters,” the spokesperson wrote in the email.
Checkout.com provides similar services to Stripe, including supporting crypto — creating the option for one-stop-shop payment transactions.
Most recently, GE Healthcare partnered with Checkout.com to “standardize its global payments and power its ecommerce strategy,” the company statement said.
Meanwhile, Stripe has become “a strategic payments partner” for Amazon in the U.S., Europe and Canada under an “expanded global agreement” between the companies, according to an online post from Stripe on Monday. The partnership with Amazon — a client that payments companies are falling over each other to secure — will allow Stripe to process a significant portion of Amazon’s total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime and more, according to the Stripe post.
