LONDON — Fintech unicorn Checkout.com is giving staff a way of cashing in their shares: buying them out.

The London-headquartered payments platform said Friday that it plans to launch a share buyback initiative for employees to "provide them with a path to liquidity."

The share buyback program is based on a new internal valuation of $12 billion, Checkout.com said. Although internal, the valuation marks a significant drop from its last fundraising round — Checkout.com was valued at $40 billion in a $1 billion funding round in 2022.

The company previously lowered its internal valuation to $11 billion in 2022, and then again to $9.35 billion in 2023. Checkout.com says it regularly monitors the value for its employees in its share incentive program.

The fintech competes with payment serv

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