Meet Guillaume Pousaz—the jet-setting founder of $2 billion payment startup Checkout .com by Sam_L_Shead
While Brexit continues to send shivers down the spines of business leaders, nomadic entrepreneur Guillaume Pousaz, 37, is bucking the trend by thinking about relocating to London.
Pousaz currently spends 50-60 nights a year at the £400-a-night Edition Hotel in London, around the corner from his little-known fintech firm, which also sees no borders. The other half of his week is in Dubai, where his wife and two children live. He also flies regularly to the U.S.and Asia. “I live in hotels most of the year,” Pousaz tellsConfident, chatty, and collected, Pousaz’s doctor has warned him about travelling and working too much.
Unlike many other fast-growing companies that raise capital, Pousaz says he has no plans for the cash that’s being pumped into Checkout.com. “The money is just going on the balance sheet of the company. It didn’t make anyone rich.” While Pousaz says the money won’t be touched, he’s also got big plans to expand the company and hire a lot more staff, which won’t be cheap.
Checkout.com’s payment processing platform may seem fairly dull but it’s essential in today’s online world as it allows businesses to accept different types of payments from different countries over the internet. Deliveroo, TransferWise, and Virgin Gyms are just a few of Checkout.com’s customers. Every time one of their users makes a transaction, Checkout.com takes a small fee for processing it, as well as a flat fee. As a result, Checkout.
As he approached the end of his education, he received an investment banking job offer from Citibank in London. But he failed his finals when he was 24-years-old and decided not to return to university. The event made Pousaz realise that he wasn’t on the life path that he wanted to be on. So he escaped. “I was like: ‘I'm going to go surf in California,’” he says, adding that he had around $15,000 in savings at the time from doing various side jobs.
Hungry for another adventure, Pousaz considered his options. “In 2009, we had a bit of money, but not a lot.” Pousaz decided to set up a new business in Singapore called Opus Payments, which enabled businesses in Hong Kong to process payments from buyers around the world. The company became Checkout.com as part of a rebrand around 2012.
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