Fintech company Checkout.com has reached a $12 billion valuation through an employee stock buyback program. This valuation follows a period where it was valued at $40 billion in 2022 but later reduced to $11 billion. The current valuation is based on a 409A valuation by an independent third party. Checkout.com, a payment company popular among large e-commerce sites like eBay and Pinterest, is on track for full-year profitability in 2025 and processes about $1 billion in e-commerce payments daily. The company has also expanded its workforce to 2,000 employees across 19 global offices.