Fintech startup Checkout.com was in the news this morning because the Financial Times reported that the payment company had slashed its internal valuation to $11 billion. And it’s a huge drop compared to the $40 billion valuation that the company reached a little less than a year ago.
But that doesn’t necessarily mean what you think it means. In Checkout.com’s case, the company wasn’t in the process of raising a new funding round. Unlike Klarna’s down round, the new valuation wasn’t determined by a VC firm willing to invest in the company.
Checkout.com is building a full-stack payments company
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Why Checkout.com lowered its internal valuation
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