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- 📝 Stripe passes $1T in annual processed payments
📝 Stripe passes $1T in annual processed payments
Liam Gill
March 14, 2024
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News of the Day
In 2023, Stripe marked a monumental year by surpassing $1 trillion in total payment volume, reflecting a notable 25% growth in payment processing and asserting its leadership in the payment sector. This financial milestone is accompanied by strong cash flow positivity and significant revenue from its fee structure, hinting at no immediate need for public offering capital. Stripe's ability to retain major clients, with 100 companies processing over $1 billion each, alongside the expected $500 million annual run rate from its "Revenue and Finance Automation" services, showcases its diversified strength. Despite a broader slowdown in venture capital, Stripe observed record startup formations, underscoring its pivotal role in nurturing new businesses. Valued at $65 billion, Stripe's strategic acquisitions and commitment to enhancing payment experiences highlight its ambitious trajectory and enduring impact on the fintech ecosystem.
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Regulations and subsidies are addictive for funds and startups. They create short term wins but long term risks for markets. If a technology is disruptive and designed to sustain itself based on a real problem, there's usually no need for them--in my experience. 💚
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Visa and Mastercard agree to historic $5 Billion Settlement! In a groundbreaking move for the payment industry, Visa and Mastercard have come to a historic $5 billion settlement, marking a pivotal moment for small business owners. If you are a small business owner, claim your share today!
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