Stripe Revenue and Growth Statistics (2023)
by Brian Dean · Updated Aug. 23, 2023
Stripe launched in 2011 as payment processing software for online businesses.
Initially only available in the US, Stripe has expanded internationally and currently serves businesses based in 46 countries.
Following its public launch in September 2011, it took the startup less than 3 years to achieve a valuation of over $1 billion. And today, the company is valued at $94.4 billion.
Below you’ll find the latest available Stripe statistics:
- Stripe Statistics (Top Picks)
- How many websites accept payments via Stripe?
- In how many countries is Stripe available?
- How much funding has Stripe raised?
- How much is Stripe worth?
- How much does Stripe process in payment volume?
- How many payment methods does Stripe support?
- How does Stripe make money?
- Stripe revenue by year
- Stripe investments
- Stripe acquisitions
- Stripe Climate Initiative
- Stripe Enterprise growth
- Who founded Stripe?
- How many countries has Stripe Atlas incorporated?
- How many people work at Stripe?
Key Stripe Statistics
- Stripe is currently valued at $94.4 billion (nearly 3x higher than its valuation in April 2020).
- Currently, 3.1 million active websites use Stripe.
- Stripe has raised a total of $2.2 billion in investments.
- Elon Musk was among the early investors in Stripe during a seed round in 2011.
- Stripe has 39 investors.
- Stripe holds 48 patents.
How many websites accept payments via Stripe?
According to BuiltWith data, 3,124,751 live websites accept payments on their site using Stripe.
The Stripe Checkout solution is used on 784,256 live websites.
According to Datanyze data, Stripe has a 15.49% market share in the payment processing category, when ranked by the number of websites using the software.
Source: CB Insights, Crunchbase, BuiltWith, Datanyze
Where is is Stripe available worldwide?
Stripe is available for businesses in 46 countries, including 5 with limited access (invite only).
Since 2019, Stripe has expanded to 20 new countries, including Denmark, Malaysia, Mexico, The Netherlands and Poland.
Stripe Atlas, a service for incorporating a company in the US (Delaware), is available in more than 140 countries.
Source: Stripe.
How much funding has Stripe raised?
According to CB Insights data, Stripe has raised a total of $2.2 billion across 21 funding rounds.
During the last two years alone (2020 & 2021), Stripe has raised a total of $1.6 billion across 3 funding rounds.
We’ve prepared a table on Stripe funding since 2010:
| Funding round, Date | Amount |
|---|---|
| Seed, June 2010 | $200 thousand |
| Seed VC, March 2011 | $2 million |
| Series A, February 2012 | $18 million |
| Series B, July 2012 | $20 million |
| Series C, January 2014 | $80 million |
| Series C – II, December 2014 | $20 million |
| Series C – III, July 2015 | $100 million |
| Series D, November 2016 | $150 million |
| Line of Credit, November 2016 | $250 million |
| Series Unknown, December 2016 | $16 million |
| Series Unknown, March 2017 | $5.05 million |
| Series Unknown, July 2017 | $6.22 million |
| Series Unknown, March 2018 | $38.65 million |
| Series F, September 2018 | $245 million |
| Series F – II, January 2019 | $100 million |
| Series G, August 2019 | $250 million |
| Series G – II, April 2020 | $600 million |
| Series H, March 2021 | $600 million |
| Corporate Minority II – June 2021 | $350 million |
Sources: CB Insights, Crunchbase
How much is Stripe worth?
According to Forbes Magazine, Stripe is valued at $115 billion in “secondary market” transactions.
Stripe’s valuation has increased by 54 times since 2014, the year when it joined the unicorn startups club with a valuation of $1.75 billion.
We’ve charted the growth of Stripe’s valuation since 2011:
| Funding round, Date | Valuation |
|---|---|
| Seed, March 2011 | $20 million |
| Series A, February 2012 | $100 million |
| Series B, July 2012 | $500 million |
| Series C, January 2014 | $1.75 billion |
| Series C – II, December 2014 | $3.5 billion |
| Series C – III, July 2015 | $5 billion |
| Series D, November 2016 | $9.2 billion |
| Series E, September 2018 | $19.8 billion |
| Series E – II, January 2019 | $22.4 billion |
| Series G, September 2019 | $35.25 billion |
| Series G – II, April 2020 | $36 billion |
| Series H, March 2021 | $94.4 billion |
Sources: TechCrunch, Bloomberg, Crunchbase, CB Insights, CNBC
How much does Stripe process in payment volume?
As a private company, Stripe doesn’t share comprehensive data on internal metrics, including payment volume.
According to CB Insights estimates, payments made through Stripe totaled $350 billion as of 2020. An increase of 133% when compared with an estimated $150 billion in 2019.
In fact, from 2015-2020, Stripe’s payment volume has experienced a compound annual growth rate of 104%.
And over the past 5 years, Stripe’s payment processing volume has seen a minimum 50% growth rate each year, with the highest rate of 150% coming in 2017.
Here’s the table with estimated Stripe processing volume growth since 2015:
| Year | Estimated payment volume |
|---|---|
| 2015 | $10 billion |
| 2016 | $20 billion |
| 2017 | $50 billion |
| 2018 | $100 billion |
| 2019 | $150 billion |
| 2020 | $350 billion |
Source: CB Insights
How many payment methods does Stripe support?
Stripe supports a total of 32 payment methods.
Here’s the breakdown of the number of available payment methods supported by Stripe in each category:
| Category | Number of payment methods |
|---|---|
| Cards | 8 |
| Wallets | 6 |
| Bank debits | 5 |
| Bank redirects | 9 |
| Cash-based vouchers | 2 |
| Buy now, pay later | 2 |
Source: Stripe
How does Stripe make money?
The Stripe business model is built on charging a commission per successful transaction. The standard rate that Stripe charges is is 2.9% of the transaction + 25 cents.
That said, custom pricing is available for enterprise clients.
Pricing for Stripe Radar (a fraud protection tool) is charged per screened transaction, with a standard fee of 5 to 7 cents.
To set up a new company via the Atlas product, Stripe charges a $500 setup fee along with ongoing costs to run the company, including a registered agent fee in Delaware ($100 per year) and various packages for corporate tax preparation. Packages start at $250, billed on a yearly basis.
Source: Stripe
Stripe revenue by year
Stripe doesn’t release official data on company revenue.
According to the Wall Street Journal, Stripe registered $7.4 billion in annual revenue in 2020. Stripe’s annual revenue grew by 393% in 2020 compared with $1.5 billion in 2018.
Here’s the table with Stripe revenue growth since 2014:
| Financial year | Revenue |
|---|---|
| 2014 | $40 million |
| 2016 | $450 million |
| 2017 | $1 billion |
| 2018 | $1.5 billion |
| 2019 | $2 billion |
| 2020 | $7.4 billion |
Source: CB Insights, Wall Street Journal
Stripe investments
Stripe has participated in funding other companies as an investor, with rounds totaling a disclosed amount of $2.0 billion across 40 deals since 2017.
During 2021 alone, Stripe invested in 14 companies with a total funding amount of $1.1 billion Seven of which, including Fast, Balance, Safepay, TrueLayer, Wave, Ramp Financial, Step Mobile are directly related to payments. While others are for payroll-as-a-service (Check), bookkeeping (Pilot), product development (Codat), customer support (Assembled), talent recruitment (Manara) and customer collaboration platform (Accord).
Here’s a breakdown of Stripe’s investments since 2017:
| Year | Funding amount, number of deals |
|---|---|
| 2017 | $93 million, 1 deal |
| 2018 | $133.57 million, 5 deals |
| 2019 | $363.6 million, 9 deals |
| 2020 | $295.27 million, 8 deals |
| 2021* (as of October) | $1.1 billion, 16 deals |
Source: CB Insights
Stripe acquisitions
According to CB Insights data, Stripe has acquired a total of 11 companies since 2013.
Stripe’s latest acquisition (announced in May 2021) was Bouncer, a platform that provides verification and detects fraud in card-based online transactions. The terms of the transaction were not disclosed. Stripe’s Radar feature will incorporate Bouncer’s technology in an effort to reduce false positives.
Here’s the breakdown of Stripe acquisitions since 2013:
| Acquired company | Date |
|---|---|
| Kickoff | March 2013 |
| Runkit | September 2016 |
| RethinkDB | October 2016 |
| Indie Hackers | April 2017 |
| Payable | July 2017 |
| Index Systems | March 2018 |
| Touchtech Payments | April 2019 |
| Paystack | October 2020 |
| Tax Jar | April 2021 |
| Bouncer | May 2021 |
| Seachange | June 2021 |
Sources: CB Insights, Fintech Futures
Stripe Climate Initiative
In October 2020, Stripe launched a carbon removal purchase tool within the Stripe ecosystem.
Stripe customers are able to set a percentage (between 0.1% and 5%) of revenue to be used for Stripe Climate contributions. These contributions go towards a portfolio of carbon removal projects. The company reports that they don’t take fees on these contributions.
Initially available in the US, Stripe Climate started to become available globally in February 2021.
Stripe CEO Patrick Collison states more than 450 companies are using Stripe Climate. An increase of more than 200 companies since January 2020.
Stripe Climate purchased carbon removal from 6 new projects with help of 13 scientific advisors. The projects will receive a total of $2.75M from Stripe along with 2K+ Stripe Climate users in 37 countries.
Stripe Enterprise growth
Stripe has a dedicated business unit serving enterprise segment clients.
According to Stripe co-founder John Collison, the company has 40+ businesses among its customers, with more than $1 billion payment volume each.
The payment volume of Stripe enterprise clients is showing more than 2x increase year over year, according to company data.
Who founded Stripe?
Stripe was founded in 2010 by brothers Patrick and John Collison.
As of March 2021, Business Insider estimates that the Collison brothers have a collective net worth of $23 billion. Their net worth has increased more than 11 times since early 2018 when they were each worth $1 billion.
The Collison brothers became millionaires in 2008 when both were under 20 years old, following the sale of their company Auctomatic for $5 million.
Source: Business Insider
How many companies have used Stripe Atlas?
According to the Stripe CEO, 20,000 companies have been incorporated using Stripe Atlas, generating over $3 billion in revenue. An increase from 10,000 companies back in November 2019.
Stripe Atlas charges $500 per setup. So we can assume Stripe has made $10 million from the startup incorporation business — and that’s just from initial fees.
Source: Stripe
How many people work at Stripe?
More than 4,000 employees work at Stripe across 14 offices. An increase of 166% from the 1500+ employees reported in mid 2019.
As of October 2021, Stripe is experiencing a hiring surge with 1,810 job openings across all locations and teams. Most job postings are for hire in the Engineering team, with 512 roles (28.29% share of all vacancies at the company) open across all locations.
The average salary of an employee at Stripe is $140,451. Based on H1B Salary Database findings, Stripe employees with foreign citizenship on an H1B visa in the US received a median salary of $125,215 (based on 150 records).
Source: Stripe, Comparably, H1B Salary Database
Conclusion
That’s all for my collection of Stripe stats for 2023. Online payments have quickly grown into one of the major players in the fintech industry, processing hundreds of billions of dollars annually.
Hopefully, you found these facts and figures interesting. As a private company, Stripe doesn’t disclose a lot of juicy data. But I did my best to collect what was out there.
Now I’m curious to hear from you:
Any comments? Or do you have any questions about the Stripe stats included here? Leave your thoughts in the comments section below.