Pousaz is the founder and chief executive officer of Checkout, a financial technology start-up that's been valued at $40 billion. The London-based company provides payment processing in more than 150 currencies. Founded in 2012, it has more than 1,700 employees across about 19 offices worldwide.
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The majority of Pousaz's fortune is derived from his major shareholding in Checkout. The London-based company provides payment processing in more than 150 currencies and has more than 1,700 employees across about 19 offices worldwide, according to its website.
Pousaz's credited with a 60% stake in the firm based on an analysis of filings of the Jersey parent company. Checkout received a $40 billion valuation from a January 2022 fundraising round, according to a company statement. The valuation is adjusted using the performance of the Bloomberg Intelligence Global Fintech & Payments Valuation Peer Index, and a 5% discount is applied to account for the company's closely held status.
The Fintech Peer Index was applied to the valuation in September 2022 and this led to a decrease in the calculation of about $5 billion.
Lewis Jones, a spokesman for Checkout, confirmed in July 2021 that Pousaz is the company's largest shareholder but declined to provide a precise figure for his stake.
Born in Geneva during August 1981, Pousaz grew up in Switzerland and went to university in Lausanne before he quit his studies and moved to California following the death of his father from pancreatic cancer.
He worked in the US for a payments firm and left the business to launch Checkout.com in 2012 by acquiring another business in the industry in Mauritius. The London-based company held a series A fundraising in 2019 and held another the following year to take its valuation to $5.5 billion.
Checkout received a $15 billion valuation through a 2021 fundraising round led by Tiger Global Management, according to a company statement, making it Europe’s biggest start-up at the time.
Pousaz, a father of three, lives in the United Arab Emirates.