Checkout.com, a UK-based fintech unicorn once valued at over $40 billion, reported a 16% decline in revenues to $212 million for 2023. The company's financial filings also revealed that losses at its UK entities surged by 73% to $306 million. The revenue drop follows Checkout's decision to sever ties with cryptocurrency exchange Binance amid concerns over money laundering. In response to the financial downturn, Checkout.com has implemented a significant workforce reduction, cutting 70% of its staff. The company has also experienced a notable turnover in its executive leadership, with nearly the entire C-suite having departed since the decision to cut ties with Binance.