CEO Worth $8 Billion Launches Family Office to Support Investment Firm

Guillame Pousaz

Guillame Pousaz, the founder of Checkout.com, now has a net worth of $8 billion after turning his online payments business into a revolutionary startup and is now building a personal investment firm.

Born and raised in Switzerland, Pousaz studied in Lausanne before quitting and moving to California after his father’s death. He then worked for a U.S-based processing firm before launching Checkout.com, a payment platform that processes different types of payments across different currencies in 2012.

According to a registry filing, Zinal Growth, the family office for Checkout.com’s founder, was set up in early May and has since then invested in e-commerce startups, such as Zina and Wayflyer and Snickerdoodle Lab (a blockchain firm). Guillaume Waser also joined the company as a managing partner after working at Swiss Startup Group.

The boom in family offices is due primarily to the surging fortunes of finance and technology. David Baszucki, the co-founder at Roblox Corp., set up a family office in California the previous year before the gaming platform was publicly listed in March. He joined other Silicon Valley Billionaires, such as Eric Shmidt and Sergey Brin, who also established family offices to manage their personal investments.

Checkout.com tripped its valuation to $15 billion, owing to the fundraising round held by Tiger Global Management. Zinal Growth also focuses on technology, like most firms for ultra-high net individuals.

Some of the investors at Checkout.com include DST Global and Singapore’s sovereign wealth fund. Pousaz said that a public offering in 2022 was a possibility, but the company has no plans for a listing yet.

‘Checkout.com CEO Worth $8 Billion Builds Family Office for Tech Bets’- Benjamin Stupples, Bloomberg

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