Philip Symes has been appointed as the interim Chief Financial Officer at Checkout.com, succeeding Nirupam Sinha.
- Sinha, who has been with Checkout.com for three years, will depart at the end of the month.
- Symes brings extensive experience from a decade-long tenure as CFO at Visa Europe, among other roles.
- The new appointment is aligned with Checkout.com’s strategy for growth and global expansion.
- Symes is anticipated to be instrumental in shaping the company’s financial approach.
Philip Symes, a seasoned finance executive, has been appointed as the interim Chief Financial Officer (CFO) at Checkout.com, succeeding Nirupam Sinha, who served in the role for three years and is set to leave the company later this month. This strategic appointment aligns with Checkout.com’s ambitions for continued growth and expansion into international markets such as Japan, Brazil, and Canada.
Symes brings a wealth of experience to Checkout.com. Having held the CFO position at Visa Europe for a decade, from 2006 to 2016, Symes has a profound understanding of the payments industry, which will be invaluable as Checkout.com navigates its next phase. In addition to his experience at Visa Europe, Symes has played crucial financial roles at Cambridge Education Group and investment consultancy Redington, equipping him with a well-rounded perspective on financial management.
Checkout.com, a leading digital payments firm, is poised for significant global expansion. Under the leadership of CEO Guillaume Pousaz, the company recognises Symes as a pivotal figure in supporting this strategy. Pousaz expressed enthusiasm for Symes’s contribution to the company’s future growth, highlighting his expertise as ideally suited for the challenges ahead. Meanwhile, Pousaz acknowledged Sinha’s contributions to the company’s success and growth during his tenure, wishing him well in his future endeavours.
Founded in 2012, Checkout.com once held the title of Britain’s most valuable private tech company, peaking at a valuation of $40 billion. However, due to several internal valuation adjustments, its current valuation stands at $11 billion. The company faces financial challenges, having reported losses that rose to £100.5 million in 2022, up from $25 million the previous year. Symes’s strategic appointment is seen as a significant step towards stabilising and enhancing its financial trajectory.
The appointment of Philip Symes as interim CFO marks a significant chapter in Checkout.com’s journey toward enhanced growth and fiscal stability.
