https://stripe.com/files/stripe-2021-update.pdf https://news.ycombinator.com/item?id=30957966 Collectively, businesses on Stripe processed more than $640 billion in payments in 2021, up 60% from the prior year. (Since a lot of this came from one-time behavioral adjustments caused by the pandemic, 2022 won’t match the same level of growth.) $640B in payment processing * ~3% = 19.2B in yearly revenue growing at 60%. Best public comparison in the US would probably be Block (SQ). They are doing $17.6B revenue @ 86% growth. Stripe last raise valuation: $95B. Block Market cap: $74B. tc: 185k, YoE: 0.1+co-op
Do they mention take rate (i.e how much of the 640b did stripe keep) of the business? Sorry not opening on my blind app.
The 3 percent revenue is bs. Most stripe customers don't pay nearly that much. Adyen has like 0.19 percent or slightly lower.
https://brosef.substack.com/p/4-why-adyens-valuation-is-too-demanding Good reading for anyone curious how to value a payments company. Pro tip : Don't be fooled by big numbers do the math.
3% deems pretty high
I am pretty sure it's less than a percent.
“The Nebraskan philosopher Warren Buffett once referred to the “ABCs of corporate senescence”: arrogance, bureaucracy, and complacency. We’re terrified of these failure modes.” Errrrr, they make it sound like they have not achieved any of these ? Odd ?
it's fascinating to see people who don't give a f* calling out their bs any time.
3% is way higher. Probably about 1.5-2% at max
Think basis points.
Nothing too impressive esp with the comment on how slowly will significantly slow in 2022
3% goes to Visa and Mastercard, of which Stripe probably takes 0.25%.
How can companies like Square and Stripe remove Visa and Mastercard from the equation? Why do they get such a massive cut?
You must know, you have the cash app for this purpose Cash app, zelle, Venmo are all trying to integrate with merchants to bypass the networks
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