Stripe

Stripe is a global technology company that enables businesses to accept and process online payments. Founded in 2010, Stripe serves over 100,000 businesses in more than 100 countries with a suite of payment processing tools, including payment gateways, fraud prevention, and subscription management. Key executives include co-founders Patrick and John Collison, and the company has divisions in San Francisco, Seattle, Dublin, and Singapore. Competitors include PayPal, Square, and Adyen.

Recent Articles about Stripe

Patrick Collison, CEO and co-founder of Stripe, left, and John Collison, president and co-founder of Stripe. Photo by Bloomberg.

Stripe Cuts Valuation to $50 Billion After Facing Fundraising Hurdles

By Maria Heeter and Cory Weinberg · Feb 28, 2023 4:43pm PST · 5 comments

Stripe has cut the valuation for its multi-billion-dollar fundraising by about 10% to around $50 billion, according to two people familiar with the situation, underlining the challenges that Stripe has faced in completing the fundraising. While Stripe is still expected to complete the funding round, it is now setting the per-share price at about... Stripe has cut the valuation for its multi-billion-dollar fundraising by about 10% to around $50...

Photo by Bloomberg.

Why Stripe Is Cheaper Than Adyen

By Cory Weinberg · Feb 27, 2023 6:00am PST · 8 comments

Stripe has been blessed with a few big advantages over its Netherlands-based digital payments rival, Adyen. Stripe serves smaller businesses, allowing it to take a bigger cut of each sale. The vast majority of its customers are in the U.S., a more lucrative market than that of the European-centric Adyen. The result has been faster growth for... Stripe has been blessed with a few big advantages over its Netherlands-based digital payments...

Stripe CEO and co-founder Patrick Collison. Photo by Getty.

Stripe’s Search for Billions Nears an End, But It Hasn’t Been Easy

By Maria Heeter, Cory Weinberg and Kate Clark · Feb 24, 2023 1:04pm PST · 4 comments

A place on Stripe’s roster of investors was once one of the most exclusive and highly coveted seats in tech. To raise the billions of dollars it now needs, Stripe has had to open the door very wide—and even then not everyone has rushed in. Stripe is close to lining up investment commitments for the $4 billion fundraising in a deal... A place on Stripe’s roster of investors was once one of the most exclusive and highly...

Stripe CEO Patrick Collison. Photo via Bloomberg

Stripe Is No Longer the Darling of Silicon Valley

By Kate Clark · Feb 23, 2023 2:44pm PST

Stripe CEO Patrick Collison. Photo via Bloomberg

Stripe Is No Longer the Darling of Silicon Valley

By Kate Clark · Feb 23, 2023 2:44pm PST

The last few months have laid out Stripe’s dirty laundry for the first time. As a reporter who has for years tried to find the cracks in the company’s shiny facade, I more than welcome a balanced conversation about Stripe and its prospects. For so long, questioning Stripe’s valuation was the equivalent of a crime in Silicon Valley. As one... The last few months have laid out Stripe’s dirty laundry for the first time. As a reporter who...

Stripe CEO and co-founder Patrick Collison. Photo by Getty.

Inside Stripe’s $55 Billion Pitch to Investors

By Kate Clark and Cory Weinberg · Feb 17, 2023 8:27am PST · 8 comments

Stripe is trying to raise a huge sum of money from investors, so it has tried to craft a compelling pitch: The payments giant is growing faster this year than some of the biggest names in tech. It has a lot more potential lines of revenue than just its core payments business. And it’s grabbing loads of customers focused on artificial... Stripe is trying to raise a huge sum of money from investors, so it has tried to craft a...

Stripe founders Patrick Collison, left, and John Collison. Photo by Bloomberg.

Stripe Burned Through More Than $500 Million in Cash Last Year

By Cory Weinberg · Feb 15, 2023 5:16am PST · 2 comments

Stripe burned through more than $500 million of cash last year as its revenue growth rate fell sharply, people familiar with the matter said. The previously undisclosed figures paint a clearer picture about how quickly the payments giant lost steam after a pandemic-fueled growth frenzy. Stripe’s net revenue growth slowed to about 18% in... Stripe burned through more than $500 million of cash last year as its revenue growth rate fell...

John and Patrick Collison. Photos by Bloomberg.

Stripe Walks Tightrope to Stay Private. Could Other Firms Follow?

By Cory Weinberg, Maria Heeter and Becky Peterson · Feb 6, 2023 6:00am PST · 1 comment

Thirteen years after starting Stripe, chief executive Patrick Collison is raising his company’s largest ever slug of cash from venture capitalists. And he plans to alter employees’ stock plans so the company can delay a public offering. Is this a sign that more tech firms will once again try to delay going public? Not necessarily.... Thirteen years after starting Stripe, chief executive Patrick Collison is raising his...

Stripe CEO Patrick Collison. Photo by Bloomberg.

Stripe’s Ill-Timed Crypto Re-Entry; SBF Needs to Stay Off Signal

By Aidan Ryan · Feb 1, 2023 4:13pm PST · 1 comment

Stripe CEO Patrick Collison. Photo by Bloomberg.

Stripe’s Ill-Timed Crypto Re-Entry; SBF Needs to Stay Off Signal

By Aidan Ryan · Feb 1, 2023 4:13pm PST · 1 comment

My colleagues have been busy covering the latest at payments giant Stripe, which is in talks with existing investors that include Joshua Kushner’s Thrive Capital to raise $3 billion. Those talks are likely to value Stripe at $55 billion to $60 billion—a far cry from the $95 billion valuation it landed in its last funding round in early... My colleagues have been busy covering the latest at payments giant Stripe, which is in talks with...

Stripe CEO Patrick Collison. Photo: Bloomberg.

Stripe in Talks to Raise Up to $3 Billion From Current Investors

By Jessica Lessin, Erin Woo and Cory Weinberg · Jan 30, 2023 5:08pm PST · 1 comment

Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to... Less than a week after telling employees that it would evaluate a public offering over the next...

Photos by Bloomberg

Stripe’s Trajectory Has Echoes of Uber; BuzzFeed’s AI-Fueled Rally

By Martin Peers · Jan 30, 2023 5:00pm PST

Once upon a time, there was a private tech company that bankers thought could be worth as much as $120 billion when it went public. Its potential initial public offering was described in news reports like this one in 2018 as the “most hotly anticipated on Wall Street and Silicon Valley.” Today, it’s worth only about $60 billion. Can you guess... Once upon a time, there was a private tech company that bankers thought could be worth as much as...

Stripe CEO Patrick Collison. Photo by Bloomberg. Art by Mike Sullivan.

‘We Haven’t Won Yet’: Stripe Finds Growth Has a Cost

By Cory Weinberg, Maria Heeter and Becky Peterson · Jan 27, 2023 11:09am PST

Last fall, executives at payments giant Stripe gave employees an unusual warning: Look out for watermelons. The company had just scuttled a crucial project called Sonic, which was supposed to rewrite significant pieces of Stripe’s code in part to speed up transactions—an important step to reduce cloud computing costs and boost profit... Last fall, executives at payments giant Stripe gave employees an unusual warning: Look out for...

John and Patrick Collison. Photo by Bloomberg.

Why Stripe Won’t Go Public Soon

By Jessica Lessin · Jan 26, 2023 5:00pm PST

John and Patrick Collison. Photo by Bloomberg.

Why Stripe Won’t Go Public Soon

By Jessica Lessin · Jan 26, 2023 5:00pm PST

Sorry, Silicon Valley. Stripe isn’t going public anytime soon. Today, The Information was the first to report that the Silicon Valley payments company told employees it would go public in the next year or find another way for them to cash out of some of their stock. In an icy-cold IPO market, the news sparked a glimmer of hope that the... Sorry, Silicon Valley. Stripe isn’t going public anytime soon. Today, The Information was...

Stripe's revenue growth fell sharply last year. Photo via Bloomberg.

Stripe’s Revenue Growth Slid Last Year as Firm Burned Through Cash

By Cory Weinberg · Jan 26, 2023 3:40pm PST · 3 comments

Stripe’s revenue growth fell sharply last year and the firm was unprofitable, factors the payments giant will need to navigate while planning to either go public or raise money privately in the next year. The company’s gross revenue—the amount of sales it pulls in before paying out a significant chunk to credit card... Stripe’s revenue growth fell sharply last year and the firm was unprofitable, factors...

Stripe co-founder and CEO Patrick Collison. Photo via Bloomberg

Stripe Should Have Gone Public Already; Volition Raises $675 Million Fund

By Kate Clark · Jan 26, 2023 11:32am PST

You can’t overstate the reverberations a Stripe initial public offering—or even the glimmer of one—would have on startup investing. As my colleagues reported today, the payment software company has told employees it plans to go public or allow them to sell stock in the next year.I doubt even a looming deadline for early stock awards could force... You can’t overstate the reverberations a Stripe initial public offering—or even the glimmer of...

Patrick Collison, CEO of Stripe. Photo by Bloomberg.

Stripe Plans to Go Public in Next Year or Make a Deal to Resolve Employee Stock Squeeze

By Cory Weinberg, Becky Peterson and Jessica Lessin · Jan 26, 2023 8:05am PST · 1 comment

Stripe plans to either go public or make a deal that will allow employees to sell stock within the next year, the company told employees and investors Thursday, moves that would be aimed at easing a looming stock crunch for some veteran employees. The company is considering both a direct listing and a private-market transaction that would give... Stripe plans to either go public or make a deal that will allow employees to sell stock within...

Chart by Mike Sullivan.

Stripe and Instacart Fare Poorly in Fidelity Value Markdowns

By Maria Heeter · Jan 12, 2023 6:00am PST

Chart by Mike Sullivan.

Stripe and Instacart Fare Poorly in Fidelity Value Markdowns

By Maria Heeter · Jan 12, 2023 6:00am PST

Of all the private tech firms waiting to hit the public markets, Reddit and Discord look to stand the best chance of scoring the healthiest valuations. That’s based on where asset management firm Fidelity has been valuing its stakes in the companies. After an initial big markdown in the second quarter of 2022, when the stock market plunged... Of all the private tech firms waiting to hit the public markets, Reddit and Discord look to stand...

Stripe's Bay Area office. Photo by Bloomberg.

Stripe Cuts Internal Valuation by 11%, Implying $63 Billion Valuation

By Maria Heeter · Jan 11, 2023 5:04pm PST · 13 comments

Stripe has cut the internal value of its shares by about 11%, implying a valuation of $63 billion, according to a person familiar with the matter. It’s at least the third time since June that the payments startup has cut its internal valuation, following a smaller cut in October, and brings the total reduction to about 40% in the past six... Stripe has cut the internal value of its shares by about 11%, implying a valuation of $63...