Fintech/News/ Checkout.com CEO says he ‘doesn’t care’ about valuation The multibillionaire fintech founder is confident that his business will maintain high revenue growth — and is in no rush to IPO By Amy O'Brien 2 November 2022 Guillaume Pousaz, founder and CEO of Checkout.com Guillaume Pousaz, founder and CEO of Checkout.com \Fintech 'The time is now': Monzo searches for US CEO to double down on expansion By Amy O'Brien 9 February 2023 Fintech/News/ Checkout.com CEO says he ‘doesn’t care’ about valuation The multibillionaire fintech founder is confident that his business will maintain high revenue growth — and is in no rush to IPO By Amy O'Brien 2 November 2022 Following Klarna’s massive valuation drop in July, Checkout.com is now Europe’s most valuable startup, with a valuation of $40bn. But Guillaume Pousaz, Checkout.com’s founder and CEO, says occupying that top spot doesn’t really matter to him — and he isn’t fazed by public valuation tumbles. “Valuation is an investor component. I’m a founder, so I just care about building, about net revenue growth and margin,” Pousaz said during a Q&A at Web Summit earlier today. “I care about where my revenue is going and that’s it.” Valuation priorities The London-headquartered fintech was last valued at $40bn when it raised $1bn in January — a 166% uplift on the $15bn price tag it scored a year earlier. The business would likely not attract such a hefty valuation today, Pousaz hinted on stage. “We can look at public markets for a benchmark — valuations are mostly half of what they were last year. But I don’t care at all,” he said. However, the numbers Pousaz does care about are mostly looking good. He said the company was continuing to sign on new customers and sell more products to existing ones — a process he was confident would continue in the long term. “We operate for ecommerce, where there are essentially three big players — we stand against the likes of Barclays and JP Morgan, and we still have a small share. But my view is that we will overtake them.” He admitted that the crypto side of the business — Checkout.com began offering payments in the stablecoin USDC through a partnership with crypto security business Fireblocks in June — had taken a hit. “This year is not as good as last on the crypto side of things, but that’s just a small part of our business,” Pousaz said. Revenues are only available for Europe and the latest that have been published are for 2020. They stood at $253m — a 73% boost from 2019. According to LinkedIn, Checkout.com now has almost 2,000 employees, up from 1,500 this time last year. In no rush to IPO So, when can investors expect Checkout’s valuation to provide a healthy return on investment? Pousaz indicated that this won’t be happening any time soon. “I raised my Series A in May 2019, so I don’t have any pressure to go public,” he said. Amy O’Brien is Sifted’s fintech reporter. She authors Sifted’s fintech newsletter and tweets from @Amy_EOBrien. Related Articles 2020 Vision: predictions from 28 big-hitters in Europe’s startup scene By Sifted reporters Click here to read more Twitter cofounder joins Belvo’s recordbreaking $43m Series A By Tim Smith Click here to read more Europe’s fastest growing startups with female founders By Kitty Knowles Click here to read more Europe’s wealthtech startups are banking in from the investing rush By Kit Gillet and Adam Green Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?