Stripe Revenue and Growth Statistics (2024)
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Stripe Revenue and Growth Statistics

Brian Dean

Written by Brian Dean

How Many People Use Stripe?

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 $50 billion. Stripe reported significant increases in payment processing volume during the pandemic but growth rates have slowed since then.

Below you’ll find the latest available Stripe statistics:

Key Stripe Statistics

  • Currently, 2.84 million live websites use Stripe.
  • More than 100 companies process over $1 billion each via Stripe.
  • Stripe is currently valued at $50 billion.
  • Stripe has raised a total of $8.74 billion.
  • Stripe’s gross revenue reached $14.4 billion in 2022.
  • 14 companies have been acquired by Stripe.

How Many Websites Accept Payments via Stripe?

According to BuiltWith data, 2,840,400 live websites accept payments on their site using Stripe.

2,840,400 live websites accept payments on their site using Stripe

According to Datanyze data, Stripe has a 18.31% market share in the payment processing category, when ranked by the number of websites using the software.

Sources: BuiltWith, Datanyze

Where Is Stripe Available Worldwide?

Stripe is available for businesses in 46 countries.

Stripe’s subsidiary (Paystack) supports another 4 counties which bring a total count of Stripe supported countries to 50, including its extended network.

Stripe Atlas, a service for incorporating a company in the US (Delaware), is available in more than 140 countries.

Sources: Stripe 1, Stripe 2

How Much Funding Has Stripe Raised?

According to PrivCo data, Stripe has raised a total of $8.74 billion.

Stripe has raised a total of $8.74 billion in funding

Stripe has raised $6.5 billion in its most recent Series I funding round in March 2023.

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
Series I, March 2023 $6.5 billion

Sources: CB Insights, Crunchbase, TechCrunch, PrivCo

How Much Is Stripe Worth?

Stripe is currently valued at $50 billion following its latest funding round in March 2023.

Stripe is currently valued at $50 billion

Stripe’s valuation has declined by 47% from its peak $94.4 billion valuation in 2021.

We’ve charted 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
Series I, March 2023 $50 billion

Sources: TechCrunch, Bloomberg, Crunchbase, CB Insights, CNBC, TechCrunch

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 companies estimates, payments made through Stripe totaled $1 trillion in 2023. An increase of 22.4% when compared with reported $817 billion in 2019.

How Much Does Stripe Process in Payment Volume?

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 $350 billion
2020 $400 billion
2021 $640 billion
2022 $817 billion
2023 $1 trillion

Sources: Bloomberg, TechCrunch, Stripe, CB Insights

How Many Payment Methods Does Stripe Support?

Stripe supports a total of 54 payment methods.

Stripe supports a total of 54 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 9
Bank debits 5
Bank redirects 11
Bank transfers 6
Buy now, pay later 5
Real-time payments 4
Vouchers 3
Wallets 11

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 2.9% of the transaction + 30 cents (for domestic cards).

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 (including government fees). Annual fee to run a business afterwards costs $100.

Sources: Stripe, Stripe Radar, Stripe Atlas

Stripe Revenue by Year

Stripe doesn’t release official data on company revenue.

According to The Information, Stripe reportedly registered $14.4 billion in gross revenue (before paying transaction processing costs) in 2022, while net revenue hit $3.2 billion in 2022.

Stripe Revenue by Year

That’s an annual increase of 20% considering Stripe gross revenue hit $12 billion in 2021.

Stripe’s net revenue grew by 24% to $3.1 billion in 2022 (up from $2.5 billion in 2021).

Here’s the table with Stripe revenue growth since 2014:

Year Revenue
2014 $40 million
2016 $450 million
2017 $1 billion
2018 $1.5 billion
2019 $2 billion
2020 $7.4 billion
2021 $12 billion
2022 $14.4 billion

Sources: The Information, Forbes 1, Forbes 2, TechCrunch, CB Insights, Wall Street Journal

Stripe Investments

Stripe has participated in funding other companies as an investor.

As of January 2024, Stripe invested in 55 startups.

Here’s a breakdown of Stripe’s investments since 2017:

Year Number of deals
2017 1
2018 5
2019 9
2020 9
2021 20
2022 6
2023 2
2024 (as of January) 1

Sources: Dealroom, Inside, Crunchbase

Stripe Acquisitions

According to Crunchbase data, Stripe has acquired a total of 14 companies.

Stripe’s latest acquisition (announced in May 2023) was Okay, a software designed for engineering leaders to measure team productivity.

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
OpenChannel December 2021
BBPOS January 2022
Okay May 2023

Sources: Crunchbase, Tracxn, TechCrunch

Stripe Enterprise Growth

Stripe has over 100 companies that process more than $1 billion via Stripe on an annual basis each.

Number of large customers processing more than $1 billion each has more than doubled from more than 40 firms reported earlier in 2020.

Sources: X (Twitter), Bloomberg

Who Founded Stripe?

Stripe was founded in 2010 by brothers Patrick and John Collison.

As of February 2024, Forbes estimates that the Collison brothers have a collective net worth of $11 billion ($5.5 billion each).

Their net worth has increased by 2.62x since 2019 when they were each worth $2.1 billion but dropped from peak net worth of $9.5 billion for each in 2022.

The Collison brothers became millionaires in 2008 during teenage years, following the sale of their company Auctomatic for $5 million.

Sources: Forbes 1, Forbes 2, Crunchbase

How Many Companies Have Used Stripe Atlas?

According to the company, 45,000 companies have been incorporated using Stripe Atlas.

45,000 companies have been incorporated using Stripe Atlas

Stripe Atlas charges $500 per setup. So we can assume Stripe has made $22.5 million from the startup incorporation business — and that’s just from initial fees.

Source: Stripe

How Many People Work at Stripe?

Around 7,000 employees work at Stripe.

Earlier, Stripe laid off a few dozen employees (mostly in its recruiting department) in mid 2023 and cut 14% of its workforce in 2022 (when the fintech company had 8,000 employees at a time).

Stripe employees with foreign citizenship on an H-1B visa in the US received a median salary of $167,929 (based on 116 records).

Sources: The Information, TechCrunch, H1B Salary Database

Conclusion

That’s all for my collection of Stripe stats for 2024. Stripe has quickly grown into one of the major players in the fintech industry, processing one trillion 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.

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