Stripe's 2024 Wrap Up

2024 has been absolutely massive for payments giant Stripe! 🤯

Here's how the company transformed the payments landscape this year with groundbreaking developments and strategic growth.

Stripe's 2024: Year of Innovation & Growth 🚀

Stripe's valuation has soared to $70 billion, with the company raising $694.2 million via a stock sale and planning a self-financed tender offer to buy back employee shares.

Key Financial Developments:

• Valuation jumped to $70 billion
• Raised $694.2 million through stock sale
• Revenue and Finance Automation suite approaching $500 million annual run rate
• Significant transaction volume during Black Friday weekend
• Self-financed employee share buyback program

Product & Service Expansion:

• Launched Apple Pay Later support
• Introduced cryptocurrency payment support for USDC on Solana, Ethereum, and Polygon
• Decoupled payments from financial services stack
• Launched SDK for AI agents
• Released Pay with Crypto invoicing
• Introduced new Figma UI toolkit
• Enhanced fraud reduction tools with Capital One and Adyen

Major Partnerships:

• Amazon: Powering Just Walk Out technology in Australia and Canada
• Uber: Introducing "Pay by Bank" with user incentives
• Coinbase: Expanding global crypto adoption
• Bitstamp: Facilitating fiat-to-crypto on-ramp in EU
• TrueLayer: Pay by Bank feature in UK
• Zip Co: Strategic partnership in US

Corporate Developments:

• Acquired Lemon Squeezy for global merchant solutions
• Purchased Bridge for $1.1B (90x multiple)
• Moving to invite-only model in India
• Expected IPO preparation
• Enhanced infrastructure for regulatory compliance
• Evolved from payment facilitator to financial infrastructure platform

With their anticipated IPO and continued innovation in payments technology, 2025 promises to be another groundbreaking year for Stripe! 🚀