Checkout.com

 

Checkout.com, a Stripe competitor in Europe, cut the value of its stock by 15% to a $9.35B valuation.  The company had previously been valued at $11B in November. Checkout has seen a 77% decline in its valuation, which reached $40B in January 2022. "The tech sector at large has been adversely affected by the macroeconomic environment and rising interest rates," said the startup's chief people officer Kerry Van Voris. The company says that it still has healthy growth across volume and revenue globally, and would enable it to grant new equity at a more favorable strike price.