Recent Developments

This month, Checkout.com has inaugurated a new office in San Francisco, a strategic move aligned with its North American expansion objectives. This latest addition complements the company’s existing offices located in New York and Atlanta, contributing to its global footprint of 19 offices.

Growth in North America

According to a statement by a representative from Checkout.com, the company saw significant growth in North America, achieving an impressive 80% increase in revenue during the last year. The expansion into San Francisco will enable Checkout.com to better serve merchants located on the West Coast as it ramps up its workforce in roles such as engineering, account management, and sales.

Employee and Client Services Expansion

Globally, Checkout.com employs around 1,900 individuals. The firm is focused on expanding its personnel and enhancing its service capabilities. The recent press release revealed that the company is actively seeking to recruit additional staff to support its expanding operations.

Prominent retailers and well-known consumer products brands, such as Adidas, Dyson, Ikea, Uber Eats, and Sony, are part of Checkout.com’s growing client roster, reflecting the company’s commitment to diverse merchant partnerships.

Strategic Vision for the Future

Speaking on the expansion, Jim Cho, the head of revenue for North America at Checkout.com, emphasized the strategic importance of this move: “Given our focus on the digital economy and driving performance in this segment, it’s a natural place for us to continue investing. 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.”

Ambitious Growth Objectives

In a recent letter to partners and stakeholders, CEO Guillaume Pousaz articulated Checkout.com’s ambitious growth plans for the year. The targets include a 30% increase in net revenue compared to the previous year, sustained company profitability, and a 15% global workforce expansion. The firm has positioned itself strategically against competitors, including Stripe, while also identifying collaboration opportunities with select payment processors.

In line with these objectives, Checkout.com has introduced 30 new payment options globally in 2024, including Venmo, a service under the ownership of rival PayPal, enhancing its competitive options in the marketplace.

Conclusion

The establishment of a new office in San Francisco signals Checkout.com’s significant commitment to enhancing its services in the North American market and its drive towards continued growth and innovation in the digital payments sector.