In its annual letter released Thursday, payments giant Stripe declared that it was “seeing an AI boom” with its data revealing that artificial intelligence startups are growing more rapidly than traditional SaaS companies have historically. In a chart, Stripe showed that the top 100 AI companies (by revenue) were able to achieve $5 million in…
Category: stripe
Biotech & Health, Fintech, Fundraising, Global IT News, Global Security News, payments, secondary, stripe
Stripe finalizes tender sale at a $91.5B valuation, says payment volumes grew to $1.4T in 2024
Digital payments platform Stripe has yet to lay out plans to go public, but in the meantime the company has thrown past and present employees a line for some liquidity. The company on Thursday confirmed a tender offer where investors will buy up shares from those employees at a valuation of $91.5 billion. Stripe said…
Fintech, Fundraising, Global IT News, Global Security News, Startups, stripe
Stripe mulls employee shareholder sale at $85B-plus valuation
Stripe is in talks for another shareholder sale that could value the company at “at least” $85 billion, according to multiple reports and a source familiar with the matter. The Information first reported the news that the payments infrastructure giant is working to sell employee-owned stocks. The move would help workers gain some liquidity as…
Bridge, Crypto, Fintech, Global IT News, Global Security News, stablecoin, stripe, TC
Stripe makes $1.1 billion crypto bet as it closes on Bridge acquisition
Stripe has closed on its $1.1 billion purchase of stablecoin platform Bridge – marking the payment giant’s largest acquisition to date and tangible push into crypto. Co-founded in 2022 by Coinbase and Square alumni Zach Abrams and Sean Yu, San Antonio, Texas-based Bridge built an API that helps companies accept stablecoins. The pair raised $58…
Asya Bradley, Fintech, Global IT News, Global Security News, Startups, stripe
Stripe brings aboard new head of ‘startup and VC partnerships’
Asya Bradley, a former fintech founder and investor, has joined payments giant Stripe as its new head of Startup & Venture Capital Partnerships. Bradley announced the news on February 2 in a post on LinkedIn, though her bio shows that she joined Stripe back in November. Neither Stripe nor Bradley were immediately available for comment. …
Divvy Homes, Fintech, Global IT News, Global Security News, Ramp, Startups, stripe, TechCrunch Fintech
This startup is selling for $1B, so why is its founder not proud of the outcome?
Welcome to TechCrunch Fintech! This week we’re looking at the story behind the sale of Divvy Homes, Ramp’s new product, some notable fundraising deals, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big story Last week,…
Commerce, Fintech, Global IT News, Global Security News, In Brief, Layoffs, stripe
Stripe is laying off 300 people, but says it still plans to hire in 2025
Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are “largely in product, engineering, and operations roles,” the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at…