Stripe estimates $1 trillion in payments this year.
The payment platform processed $800 billion in 2022. According to the estimate, Stripe surpassed $1 trillion in 13 years and PayPal in 2021 after 23 years.
The research claimed Stripe’s payment volume increased 25% in 2022 after growing 60% in 2021, showing a global eCommerce slowdown after eliminating pandemic-era limitations.
According to the article, the company informed investors it expected $100 million in adjusted profits before interest, taxes, depreciation, and amortization (EBITDA) this year after losing $80 million in 2022.
The article stated Stripe is seeking $55 billion in investment terms.
The Wall Street Journal (WSJ) reported three weeks earlier that Stripe is exploring going public or letting workers sell their shares within a year.
Stripe doesn’t need to raise funds, therefore it’s more likely to have a straight listing than an IPO, the WSJ reported Jan. 26. Employees and other investors want to sell their shares.
On Jan. 30, The Information claimed that Stripe is seeking $3 billion from its existing investors, valuing it at $55 million to $60 million.
The article says Stripe and investors have been talking for months.
Recent weeks have seen the business increase alliances. BMW of North America uses Stripe for online extended warranty transactions and US car preorders. Amazon’s U.S., European, and Canadian strategic payments partner is it.
