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 and John Collison. Photos by Getty.

Stripe Swings to a Profit as Business Rebounds

By Cory Weinberg · Dec 21, 2023 6:00am PST

Payments giant Stripe, a bellwether of the startup world, kept a lid on spending for engineers and salespeople this year after business slowed in 2022. Now it’s reaping the benefits: as revenue growth has re-accelerated, it’s making money again. Stripe’s net revenues—what the firm takes in from payments it processes after... Payments giant Stripe, a bellwether of the startup world, kept a lid on spending for engineers...

Luciana Lixandru. Photo by Noam Galai/Getty Images.

Sequoia Partner Luciana Lixandru Joins Stripe Board as Michael Moritz Exits

By Cory Weinberg and Kate Clark · Dec 5, 2023 1:04pm PST · 1 comment

Sequoia’s investing empire is shoring up control at one of its startup crown jewels during a critical time for the Silicon Valley firm. Venture capital firm Sequoia Capital recently added Luciana Lixandru, a partner based in London, to the board of $50 billion payments company Stripe, one of the most valuable holdings in Sequoia’s... Sequoia’s investing empire is shoring up control at one of its startup crown jewels during...

A Stripe Co-Founder’s Billionaire Flex

A Stripe Co-Founder’s Billionaire Flex

By Jon Steinberg · Jul 22, 2023 6:00am PDT

Hi, welcome to your Weekend.You’re likely not intimately familiar with the world of John Collison, and that is mostly by design. Unlike other millennial tech titans like Sam Altman, Brian Chesky and Brian Armstrong, relatively little has been written about Collison, the intensely private, Irish-born co-founder of the $50 billion payments... Hi, welcome to your Weekend.You’re likely not intimately familiar with the world of John...

Stripe president and co-founder John Collison, as imagined in front of his Abbey Leix estate in the Irish midlands. Photo-illustration by Clark Miller

John Collison’s Land Grab: A Stripe Co-Founder Grows in Power

By Cory Weinberg · Jul 21, 2023 9:00am PDT · 11 comments

Stripe president and co-founder John Collison, as imagined in front of his Abbey Leix estate in the Irish midlands. Photo-illustration by Clark Miller

John Collison’s Land Grab: A Stripe Co-Founder Grows in Power

By Cory Weinberg · Jul 21, 2023 9:00am PDT · 11 comments

Visitors to the Abbey Leix estate in County Laois, Ireland, must drive on an unkempt gravel road that leads through a thick forest and past a derelict corn mill to get to the giant old house in the country’s midlands. Stephen Kinsella, an Irish economist, made the journey last May at the invitation of a friend who had recently purchased... Visitors to the Abbey Leix estate in County Laois, Ireland, must drive on an unkempt gravel road...

Stripe CEO Patrick Collison. Photo by Getty.

Stripe Lays Off Dozens, Mostly in Recruiting

By Cory Weinberg and Maria Heeter · Jun 29, 2023 11:08am PDT · 1 comment

Stripe has laid off a few dozen employees, most of them recruiters, in its human resources department. The staff cuts, while affecting a tiny percentage of the company’s roughly 7,000-person workforce, are part of a broader wave of belt tightening in tech, even as the pace of larger layoffs has abated. Stripe’s cuts in the recruiting... Stripe has laid off a few dozen employees, most of them recruiters, in its human resources...

Stripe CEO Patrick Collison. Photo by Getty.

No More Four-Year Lockups: Stripe’s Sprint to a $7 Billion Fundraising Haul

By Maria Heeter and Cory Weinberg · Mar 16, 2023 2:31pm PDT · 2 comments

Two years ago, when Stripe raised money at a valuation of $95 billion, the payments giant had such an upper hand over investors that it could institute some highly unusual conditions in its fundraising round. Investors had to agree to hold onto their shares for four years after the company went public. And Stripe had the option to sell them even... Two years ago, when Stripe raised money at a valuation of $95 billion, the payments giant had...

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

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

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 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

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 E. 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...