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

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 E. 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. 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 E. 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

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'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...

Patrick Collison. Photo by Getty Images.

Stripe’s Early Stock Awards Could Spur IPO Plans

By Kate Clark, Mark Matousek and Maria Heeter · Sep 22, 2022 2:00pm PDT · 4 comments

Stripe founders John and Patrick Collison have indicated the payments software pioneer, valued in its last fundraising at $95 billion, is in no rush to go public. And few tech firms want to test the whipsawed public stock markets. But a new listing could solve one looming problem for the 13-year-old startup: Stock awards to some of its earliest... Stripe founders John and Patrick Collison have indicated the payments software pioneer, valued in...

Ceartas CEO and founder Dan Purcell. Credit: Dan Purcell

Creator Economy

The Startup Scraping the Internet for Stolen Content; OpenSea Layoffs; LTK Inks Deal With Stripe

By Mahira Dayal · Jul 14, 2022 3:15pm PDT

Creators frequently find that other internet users have replicated their videos, photos and text without permission. Some people see this as an inconvenience, but the stakes are higher for creators who are harassed, threatened or demeaned when others misuse their photos or videos online.Ceartas, a startup that uses algorithms to search the... Creators frequently find that other internet users have replicated their videos, photos and text...

From left: Stripe's Patrick Collison, Mike Clayville and John Collison. Images via Stripe; YouTube. Art by Mike Sullivan

Stripe’s Growing Pains: A Payments Star Hits Snags in Push for Big Businesses

By Becky Peterson · Jun 13, 2022 6:00am PDT

Late last year, Stripe gave its employees an enticing new choice: They could either receive their annual bonuses in cash, as they had for years, or they could opt to take some of it as equity in the rocketing payments startup, which was then turning heads with a funding round that had valued it at $95 billion. But it told one group of Stripe... Late last year, Stripe gave its employees an enticing new choice: They could either receive their...

Brian Dammeir. Art by Adyen.

This Stripe Competitor Says the Future of Payments Is on the Phone

By Malique Morris · Jun 2, 2022 10:39am PDT · 1 comment

Brian Dammeir. Art by Adyen.

This Stripe Competitor Says the Future of Payments Is on the Phone

By Malique Morris · Jun 2, 2022 10:39am PDT · 1 comment

After a huge surge during the pandemic, growth in online shopping is slowing. Inflation and worries about a possible recession have cast a cloud over retail. Payments players sit at the intersection of these factors. “There was a catapult during Covid, and then there’s a normalization now,” said Brian Dammeir, president of... After a huge surge during the pandemic, growth in online shopping is slowing. Inflation and...