PANews reported on February 24th that, according to Bloomberg, payment processing company Stripe has been valued at $159 billion in an employee stock buyout offerPANews reported on February 24th that, according to Bloomberg, payment processing company Stripe has been valued at $159 billion in an employee stock buyout offer
Stripe's valuation reached $159 billion in employee stock buyout offer.
PANews reported on February 24th that, according to Bloomberg, payment processing company Stripe has been valued at $159 billion in an employee stock buyout offer, a significant increase from $106.7 billion last year. Co-founder and President John Collison stated that the company currently has no plans to go public. Stripe's annual letter indicates that total payment processing volume will reach $1.9 trillion by 2025, a 34% year-over-year increase.
Stripe has expanded its business into cryptocurrency-related payments, including acquiring stablecoin orchestration platform Bridge and crypto wallet provider Privy, and launching its own blockchain, Tempo. Stripe stated that the stablecoin payments market doubled to approximately $400 billion last year, with about 60% of transactions being between businesses, and Bridge's transaction volume more than quadrupling during the same period.
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