Checkout.com has announced a leadership transition in its financial department.
- Philip Symes, formerly at Visa Europe, will replace Nirupam Sinha as interim CFO.
- Symes brings extensive experience from his role at Visa Europe and other significant organisations.
- The move aims to support Checkout.com’s international growth in markets like Japan, Brazil, and Canada.
- Checkout.com has seen a remarkable change in valuation amidst internal finance reviews.
Checkout.com has initiated a significant leadership change as it appoints Philip Symes, a seasoned finance professional formerly of Visa Europe, as its interim Chief Financial Officer. This strategic decision comes as the current CFO, Nirupam Sinha, prepares to depart after three years of dedicated service to the company.
Philip Symes, who held the CFO position at Visa Europe for ten years, from 2006 to 2016, brings a wealth of industry-specific experience to his new role at Checkout.com. His previous finance leadership roles at Cambridge Education Group and Redington further enhance his profile as a formidable financial strategist.
In acknowledging the transition, Symes expressed his enthusiasm, stating, “This is a very exciting time to be joining Checkout, a leading European fintech that’s gained strong momentum – and has such a solid strategy for 2025 and beyond. It’s a unique opportunity to shape the financial strategy of a high-growth business ready for the next stage of its journey.” His experience will be pivotal in steering Checkout.com’s financial directions especially as it seeks to expand its global presence in key markets like Japan, Brazil, and Canada.
Guillaume Pousaz, CEO of Checkout.com, affirmed the importance of Symes’s appointment by highlighting his expertise, “Highly respected for his deep expertise in payments – [Symes] is ideally placed to join us on this next phase of our journey.” Pousaz also expressed gratitude towards Sinha for his leadership, which significantly contributed to Checkout.com’s growth and success.
Checkout.com, founded in 2012, has been a leading player in the fintech sector, once achieving the status of Britain’s most valuable private tech company with a peak valuation of $40 billion. However, recent internal valuation cuts have adjusted its worth to $11 billion. This shift in valuation reflects broader economic trends and internal financial adjustments.
In February, Checkout.com reported financial losses for its 2022 accounts, documenting a deficit of £100.5 million, a stark increase from the previous year’s $25 million loss. As the company prepares to release its next set of accounts by the end of December, Symes’s role will be crucial in navigating these financial waters.
The strategic leadership changes at Checkout.com mark a critical point in the company’s journey towards sustained growth and financial stability.
