Stripe says payment volume surged to $1 trillion in 2023
Stripe Inc., the payments fintech valued at $65 billion, said payment volume surged 25% last year to more than $1 trillion.
The total surpasses the $817 billion posted in 2022, according to Stripe’s annual user letter published Wednesday. Volume was up 26% in 2022.
“Stripe was robustly cash-flow positive in 2023, and expects to be again in 2024,” company co-founders John and Patrick Collison said in the letter. “This threshold is important, because it allows us to invest for the long term.”
Stripe saw its valuation increase from $50 billion last year to $65 billion last month. The company was in discussions to go public in 2021 after scoring a $95 billion valuation, but that hasn’t occurred, and the firm announced last month that it would allow current and former employees to cash out some of their stock, likely delaying such a transaction.
