Britain-based $15 billion payments start-up Checkout.com has hired Meta executive Meron Colbeci as its chief product officer. Colbeci joined Meta, the company formerly known as Facebook, in 2018 as director of product management to help develop its Novi cryptocurrency wallet and other payment initiatives. He was most recently Novi’s head of consumer product management, working closely with the division’s outgoing chief, David Marcus.
Checkout.com’s focus on new areas like drew Colbeci.
“I was inspired by its focus on building customer-first technologies that help democratize access to the digital economy,” Colbeci said to CNBC, adding Checkout.com’s focus on new areas like digital currencies also drew him in. Meta announced Colbeci’s departure internally last week, and he started working for Checkout.com this week. He says he learned about Checkout.com while Novi was a customer of the payment processor. The payment firm is one of Europe’s biggest privately-held fintech firms, with a valuation of $15 billion. The London-headquartered company has raised a total of $830 million from investors to date.
Checkout.com processes digital payments for companies ranging from Sony to Klarna.
Founded in 2012 by college dropout-turned-fintech entrepreneur Guillaume Pousaz, Checkout.com processes digital payments for companies ranging from Sony to Klarna. It competes with the likes of PayPal, Block, Stripe, and Adyen. This year, the payment firm has been on a hiring spree, going from 1,000 employees at the start of 2021 to a 1,600-strong global headcount today. A series of new C-suite executives in tech, finance, and marketing were among those hires. Along with Europe, Checkout.com also does business in the Middle East and Asia. It is also expanding into the United States.