<ul><li>U.K.-based Checkout Ltd., the parent company of Checkout.com, reduced its loss from operating activities from $138 million in 2022 to $8 million in 2023.</li><li>The improvement was driven by a decrease in expenses, as total revenue declined from $246 million in 2022 to $212 million in 2023.</li><li>Checkout Ltd. reduced personnel expenses by cutting the average number of employees from 1,032 in 2022 to 284 in 2023.</li><li>The large merchant terminated by Checkout Ltd. was likely the crypto exchange Binance, resulting in the termination of their partnership.</li></ul>

Checkout.com Parent Company Reduces Losses by Cutting Expenses

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