Dive Brief:
- Nirupam Sinha was appointed CFO of Checkout.com, a global payments solution provider, on Wednesday, a company spokesperson confirmed.
- Céline Dufétel is switching out her top financial seat for president. She will remain in her role as chief operating officer and will oversee all operational and go-to-market teams, including finance and marketing.
- The leadership changes mark the latest development in the London-based company’s plan to expand to the US and “take on Stripe,” according to the spokesperson. Fintech darling Stripe has often been the go-to option for merchants looking to break away from legacy payments providers.
Dive Insight:
Checkout described itself as “the only viable challenger to Stripe,” and, with a shuffle in its leadership, is “staking its claim in the U.S. by giving merchants more options during a critical macroeconomic climate where every dollar matters,” the spokesperson wrote.
Checkout.com provides similar services to Stripe, including supporting crypto — creating a one-stop-shop payment transactions.
Most recently, GE Healthcare partnered with Checkout in order to “standardize its global payments and power its ecommerce strategy,” the company statement said.
Meanwhile, Stripe has become a “a strategic payments partner” for Amazon in the U.S., Europe and Canada under an “expanded global agreement” between the companies, according to an online post from Stripe on Monday.
The Amazon partnership — one payments companies are falling over each other to secure — will allow the Dublin-based company to process a significant portion of Amazon’s total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime, and more, according to the Stripe post.
Sinha joined Checkout in November 2021 as senior vice president of corporate finance and strategy. Prior to joining the payments provider, he held previous roles at T. Rowe Price from 2018 to 2021 as global head of product as well as group CFO of global distribution. He was at McKinsey & Co. from 2016 to 2018 as an associate partner, according to his LinkedIn profile.
