Dive Brief:
- Checkout.com opened an office in San Francisco this month as part of a North American expansion plan by the British digital payments company.
- The company already has U.S. offices in New York and Atlanta among its 19 globally, a Checkout.com spokesperson said by email. The company plans to hire engineering, account management and sales staffers, per a Feb. 27 press release.
- While Checkout.com expanded across all of its markets last year, the payments services provider logged its fastest growth rate in North America, which grew 80% over 2023, the release said.
Dive Insight:
Checkout.com’s new office opening is part of the London-based digital payments company’s North American expansion as it services merchants on the West Coast, the release said. The company has 1,900 employees worldwide.
To date, Checkout.com has added well-known retailers and consumer products companies to its clientele, including Adidas, Dyson, Ikea, Uber Eats and Sony, per the press release.
“Given our focus on the digital economy and driving performance in this segment, it’s a natural place for us to continue investing,” said Jim Cho, head of revenue for North America at Checkout.com. “San Francisco is a hotbed for innovation—and home for many of our merchants—so building out our local team puts us in a stronger position to serve them.”
In January, Checkout.com CEO Guillaume Pousaz outlined the company’s growth ambitions in a letter to the company’s partners, merchants and workforce. This year, the company aims to boost its net revenue by 30% over last year, maintain a full year of company profitability and increase its workforce by 15% worldwide, the letter and press release said.
Checkout.com competes against other major payments processors, including Stripe, but it also cooperates with some payment players to offer more choices. It added 30 new payment methods globally in 2024, including Venmo, which is owned by rival PayPal, in the U.S.
