Fast-growing fintech decacorn dominating the payments market
Country: USA | Ireland
Founded: 2010
Valuation: $74.5 bn
Team: John Collison, Patrick Collison
About Company
Stripe is the most prominent fintech company that provides payment processing (PP) software and infrastructure, enabling businesses to accept online payments and handle transactions securely and efficiently. The Company offers a wide range of tools for e-commerce, subscription-based services, and marketplace platforms, and includes APIs for integrating PP into website and mobile applications. In 2023, the total payment volume passing through Stripe reached $1 tn, 25% up from the previous year. Stripe was robustly cash flow positive in 2023, with bold growth plans in 2024
Key Investors
Key Highlights
- $17 bn gross revenue in 2023 (est.) and expected CAGR of 29+% until 2027 due to fast volume growth - 11x funding growth in 2023’ Series I over 2021 Series H - Product: Stripe offers a fully integrated suite of financial and payment products and is now a fintech with a complete banking-as-a-service offering - Competition: Stripe holds a 20% market share worldwide based on the most used payment tech on websites, surpassed only by PayPal (48%)3,8 - Market Leader based on strategy and current offering when compared with 11 other players, including Paypal, Adyen, and others - Experienced management and co-founders team: John Collison and Patrick Collison (Co-founders and serial entrepreneurs), David Singleton (CTO, ex-Google), Steffan Tomlinson (CFO, led IPOs of Confluent, Aruba, etc.), and others
About Company
Stripe is the most prominent fintech company that provides payment processing (PP) software and infrastructure, enabling businesses to accept online payments and handle transactions securely and efficiently. The Company offers a wide range of tools for e-commerce, subscription-based services, and marketplace platforms, and includes APIs for integrating PP into website and mobile applications. In 2023, the total payment volume passing through Stripe reached $1 tn, 25% up from the previous year. Stripe was robustly cash flow positive in 2023, with bold growth plans in 2024
Key Investors
Key Highlights
- $17 bn gross revenue in 2023 (est.) and expected CAGR of 29+% until 2027 due to fast volume growth - 11x funding growth in 2023’ Series I over 2021 Series H - Product: Stripe offers a fully integrated suite of financial and payment products and is now a fintech with a complete banking-as-a-service offering - Competition: Stripe holds a 20% market share worldwide based on the most used payment tech on websites, surpassed only by PayPal (48%)3,8 - Market Leader based on strategy and current offering when compared with 11 other players, including Paypal, Adyen, and others - Experienced management and co-founders team: John Collison and Patrick Collison (Co-founders and serial entrepreneurs), David Singleton (CTO, ex-Google), Steffan Tomlinson (CFO, led IPOs of Confluent, Aruba, etc.), and others