Verified Stripe Statistics for 2024

Stripe is a payment solution for eCommerce businesses. Founded in 2010 by brothers John and Patrick Collison and achieved unicorn status in 2013, Stripe is one of the "most-hyped, highest-valued and profitable" U.S. startups. You can also say Stripe is among the companies that led the U.S. economic recovery from the 2008 financial crisis.

As the market awaits, in a nail-biting anticipation, for a possible Stripe IPO this year, this research shares a detailed overview of Stripe statistics, facts, and figures for 2024. You'll get factual data and insights into Stripe’s market share, valuation, users, and more. We kindly ask that you credit Chargeflow and include a link to this article if you wish to use any data presented here.

Top Line Stripe Statistics for 2024

• Stripe surpassed $1 trillion in total payment volume (TPV) in 2023, about 10 years faster than PayPal, which took 23 years to achieve the same milestones.
• Merchants in 51 countries use Stripe to accept and process payments.
• Stripe is currently valued at $65 billion, making it one of the most valuable privately-held companies on the planet.
• Stripe holds a market share of about 21%, making it the world's second most used payment solution.
• More than 100 Stripe customers process $1 billion or more yearly (40 in 2020).
• Over 4 million websites have used Stripe to accept payment.
• Stripe has raised ~$9.93 billion from 56 investors to date.
• Stripe currently has over 7,000 employees worldwide.

Stripe Growth Statistics

Stripe continues to fire on all cylinders after achieving unicorn status in just three years, with customers including Apple, Alaska Airlines, Best Buy, Lotus Cars, Microsoft, Uber and Zara. The payment giant is one of the fastest growing fintechs worldwide:

• 1,066,944 live websites currently use Stripe. An additional 2,987,361 sites have used Stripe historically.
• 2.83% or 28,335 of the top 1 million sites use Stripe for accepting and processing payments.
• 739,000 or 56.0% of all active websites using Stripe in January 2024 are based in the U.S.
• The UK has the second largest number of Stripe users with 77,792 active accounts.
• As of February 2024, over 6% of Swiss merchants using Payment Acceptance or Processor technology on their websites had integrated Stripe.
• The economic output of businesses that run on Stripe sums to roughly 1% of global GDP.
• Stripe says most, or 60%, of technology companies that reached IPO in 2021 are their customers.
• 75% of Forbes Cloud 100 companies use Stripe.
• The fintech unicorn reported a 25% surge in payment volume in 2023, surpassing $1 trillion TPV.
• 75% of the world's top marketplaces use Stripe Connect to onboard service providers, manage payments, and send payouts.
• Stripe holds a 21% share of the $121.77 billion global payment processing solutions market, making it the world's second most used payment solution.
• Stripe holds 18.7% of the U.S. payment processing market share, putting it far ahead of competitors like Square (0.32%) and Adyen (0.09%).
• Stripe’s valuation of $65 billion makes it 5th of 1,200 unicorns in the world.
• The financial powerhouse says they process more than 500 million API requests daily.
• Stripe's API integrations are pivotal to Stripe's business model, enabling developers to swiftly streamline setup processes by copying and pasting just seven lines of code.
• Stripe is accessible to merchants in 47 countries.
• Stripe’s subsidiary Paystack supports 4 additional countries through extended networks, bringing Stripe-supported countries to 51.
• Stripe says they expect the annual revenue run rate from revenue automation suite to pass $500 million over the next year.
• During Black Friday/Cyber Monday 2023, Stripe processed over 300 million transactions, totaling $18.6 billion, their largest four-day period on record.

Stripe Revenue Statistics

Stripe's business model is charging a commission for every transaction processed, typically at a standard rate of 2.9% of the transaction + 30 cents (for domestic cards). However, they offer custom pricing options for enterprise clients. Stripe Radar, a fraud protection tool, charges 5 to 7 cents for each screened transaction.

Registering a company with Stripe Atlas attracts a $500 setup fee, inclusive of government fees, with a subsequent annual operation fee of $100. Stripe is constantly adding additional revenue sources.

• Stripe does not disclose historical financials, but according to John Collison, 2023 was a big year for the company as they hit dual milestones of $1 trillion in payment volume and being cash flow positive.
• Estimates suggest 2023 Stripe revenue might be in the upside of $16 billion dollars, a 14.29% increase from $14 billion in 2022.
• Stripe’s gross revenue surged by 62% in 2021 and by 270% in 2020.
• Net revenue in 2021 accrued to almost $2.5 billion after deductions of fees paid to partners like Visa and Chase.
• The Dublin-based Stripe division, overseeing sales in Europe, the Middle East, Africa, and the Asia Pacific region, recorded $2.255 billion in revenue for 2021, marking a 66% YoY increase from $1.358 billion in 2020.

Timeline of Major Stripe Funding to Date

According to Forbes, Patrick and John Collison each own about 10% of Stripe, making them worth $9.5 billion respectively. In the words of TC’s Rebecca Szkutak, there’s been an absolute flurry of buyers looking to get shares in Stripe.

• March 2011, Seed Round: $2 million, led by Peter Thiel, Elon Musk, Sequoia Capital, Andreessen Horowitz, and SV Angel at a $20 million valuation.
• February 2012, Series A: $18 million, led by  General Catalyst, Sequoia, Thiel And More at a $100 million valuation.
• July 2012, Series B: $20 million, led by General Catalyst, Redpoint at an estimated half-billion dollars valuation.
• January 2014, Series C: $80 million, led by Founders Fund at a $1.75 billion valuation.
• December 2014, Series C-I: $70 million, led by Thrive Capital at a $3.5 billion valuation.
• July 2015, Series C-II: $100 million, led by American Express, Kleiner Perkins, Sequoia Capital, and Visa at a $5 billion valuation.
• November 2016, Series D: $150 million, led by Alphabet 's late-stage investment arm, CapitalG (formerly Google Capital) and General Catalyst at a $9 billion valuation.
• September 2018, Series E: $245 million, led by Tiger Global Management at a $20 billion valuation.
• January 2019, Series F: $100 million, led by Tiger Global Management at a $22.5 billion valuation.
• September 2019, Series G: $250 million, led by Sequoia Capital, General Catalyst and Andreessen Horowitz at a $35 billion valuation.
• April 2020, Series G Extension: $600 million, led by Sequoia Capital, General Catalyst, GV and Andreessen Horowitz at a $36 billion valuation.
• March 2021, Series H: $600 million, led by Ireland's National Treasury Management Agency, Insurers Allianz SE and AXA SA, and investment managers Baillie Gifford & Co. and Fidelity Investments at a $95 billion valuation.
• March 2023, Series I: $7 billion, led by Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital at a deflated $50 billion valuation.
• April 2024, Series I-II: $694.2 Million, an employee stock-sale deal at a 30% valuation increase of $65 billion.

Stripe Security and Trust Statistics

As a payments infrastructure company, Stripe has a solid reputation of meeting the global financial industry’s rigorous security standards. Both startup businesses and category leaders like Reddit, Uber, and Amazon rely on Stripe and its experienced technology teams to deliver success.

• The Forrester Wave™: Merchant Payment Providers, Q1 2024, recognized Stripe with the joint highest score in both the strategy and current offering categories.
• In November 2023, Stripe partnered with Chargeflow to help merchants resolve chargeback fraud on autopilot directly from the Stripe admin dashboard.
• Stripe says chargeback is the dark side of a completed payment, costing business at least $3.75 for every $1.
• Stripe charges a $15 fee for each chargeback; other providers’ fees can reach $50 or even $100.
• Stripe's Radar Assistant uses natural language prompts to help businesses craft custom fraud rules and optimize them for maximum effectiveness.
• Stripe maintained API success rates above 99.999% last year, meaning just 26 seconds of downtime per month—even in peak seasons like Black Friday and Cyber Monday (BFCM).
• Stripe says they blocked over 16.7 million fraudulent transactions with Radar during BFCM.
• Stripe’s Fraud Insights helps merchants review fraud trends specific to their businesses and tailor fraud prevention strategies to cases.
• New Merchant Risk Tooling alerts merchants to potential fraud, provides account-level analytics, and helps you to block suspicious accounts based on Stripe’s extensive network signals.
• New Issuing fraud tools use Stripe’s proprietary data to surface transaction risk signals while enabling valid spend on Issuing cards.

eCommerce and Stripe

Stripe is crafting a complex tapestry of financial tools to establish itself as a foundational element for the future of commerce. “Thirteen years, and more than a doubling in internet users later, it’s still early. The world of 2034 is going to look very different.” – Patrick and John, Stripe Founders

• 90% of adults have used Stripe to make a transaction.
• Stripe Billing streamlines membership and subscription management.
• Stripe supports 135+ currencies and 100 payment methods across several payment categories, such as cards, bank debits, bank redirects, bank transfers, BNPL, real-time payments, vouchers, and wallet.
• Stripe says they added support for more than 50 new payment methods in 2023.
• Stripe banking-as-a-service product helps platforms create bank account replacements for customers eligible for FDIC insurance and can support ACH and wire transfers.
• Stripe Tax supports tax collection in 57 countries.
• Stripe Atlas, a service facilitating company incorporation in the U.S. (Delaware), is accessible in over 140 countries.
• 43% of Stripe Atlas users are first-time founders, while 25% credit Stripe Atlas as the catalyst for starting their business.
• 45,000 companies with founders from more than 140 countries have started their business using Stripe Atlas.
• To date, the 50,000+ companies that have started operation with Atlas are on pace to collectively earn $5 billion a year in revenue.
• Stripe Atlas saw a 155% increase in incorporations from 2019 to 2022.
• eCommerce merchants are getting 10.5% increase in revenue through higher conversion rates with Stripe’s prebuilt payment UIs.
• Stripe Reader S700 is now generally available in 23 countries.
• The fintech unicorn recently launched new integrations with POS and PMS providers such as Oracle OPERA, Adobe Commerce, Teamwork Commerce, Erply, Mercaux, and Tulip.
• With 17 new embedded components, including 10 for payments, with UIs and workflows, Stripe network merchants can now build feature-complete payments products and localize your experience across 118 countries.
• Stripe App Marketplace has more than doubled listings since launch, from 70 to 150, including new apps for Chargeflow, Adobe Commerce, Salesforce CPQ, NetSuite, and more.
• During Black Friday/Cyber Monday 2023, Stripe processed over 300 million transactions, totaling $18.6 billion, their largest four-day period on record.
• More than 31,000 businesses had their best day ever on Stripe during that period.
• After discontinuing Bitcoin payments in 2018, Stripe has just reopened crypto payments with focus on USDC.
• USDC is a stablecoin pegged to the value of the U.S. dollar issued by Circle Internet Financial, and it has a market cap of $33.45 billion.
• As of 2022, Stripe said it reaches the majority of the globe, meaning 4.4 billion people in more than 110 countries can receive funds in local currencies or crypto.
• In Jan 2023, Stripe hired Goldman Sachs and JPMorgan Chase to advise on a possible public listing – which has yet to happen.
• Stripe has over 7,000 employees worldwide as of writing.

Stripe Investment & Acquisition Stats

Stripe has carried out 18 acquisitions since 2013. The payment giant has also funded several tech companies since 2017. Some of these strategic investments reach hundreds of millions of U.S. dollars.

Full List of Stripe Acquisitions to Date

Stripe has acquired 18 SaaS, Enterprise Software, and Enterprise Tech companies in the  U.S and other countries. In classic Stripe fashion, most of the investment amounts are undisclosed. Here are 16 Stripe acquisitions that have currently reached our radar:

• KickOff: A team task management and collaboration application; acquired by Stripe in March 2013 for an undisclosed amount.
• TOTEMS: A social media marketing automation platform; acquired by Stripe in February 2015 for an undisclosed amount.
• RunKit: An app development and prototyping tool; acquired by Stripe in September 2016 for an undisclosed amount.
• Teapot: A startup that offers simple APIs for identity verification, trust, credit, and more; acquired by Stripe in October 2016 for an undisclosed amount.
• Indie Hackers: A community forum for entrepreneurs; acquired by Stripe in April 2017 for an undisclosed amount.
• Payable: A platform for onboarding and tracking contractor payments; acquired by Stripe in April 2017 for an undisclosed amount.
• Index: A point-of-sale software; acquired by Stripe in March 2018 for an undisclosed amount.
• Touchtech: A payment authorization FinTech startup; acquired by Stripe in April 2019 for an undisclosed amount.
• Paystack: A Nigerian-based payment service provider; acquired by Stripe in October 2020 for $200 million.
• TaxJar: A sales tax automation service; acquired by Stripe in April 2021 for an undisclosed amount.
• Bouncer: A credit card fraud detection technology; acquired by Stripe in May 2021 for an undisclosed amount.
• Recko: An Indian-based payments reconciliation software; acquired by Stripe in October 2021 for an undisclosed amount.
• Open Channel: A platform to build, launch, and manage app ecosystems; acquired by Stripe in December 2021 for an undisclosed amount.
• BBPOS: A company that designs and manufactures end-to-end mobile POS solutions; acquired by Stripe in January 2022 for an undisclosed sum.
• Okay: A low-code analytics software for tracking engineering teams' performance; acquired by Stripe in May 2023 for an undisclosed amount.
• Octane: A next-generation revenue platform operating in the software business sector; acquired by Stripe in January 2024 for an undisclosed amount.

20 Hottest Stripe Investments to Date

Stripe has invested in 58 companies, according to industry records at the time of this research. A large chunk of these investments were reportedly made in 2021. These are 20 of the most notable deals:

1. Monzo, a challenger bank headquartered in the UK, received more than $200 million in investments from Stripe across three funding rounds in 2017, 2018, and 2020.
2. PolyBit Inc, the parent company of Autocode, a server-less development platform enabling the creation of bots, apps, and websites through APIs raised $2 million from Stripe in May 2018.
3. Stripe led an $8 million investment in Paystack in August 2018 before acquiring the Nigerian-based fintech in 2020 for $200 million.
4. Bloom Institute of Technology, originally Lambda School, an online college offering flexible tuition repayment options, raised a $14 million investment from Stripe in October 2018.
5. In February 2019, Stripe co-led a $40 million Series B funding round for cross-border payment provider, Rapyd.
6. Supported by Index Ventures in April 2019, Stripe invested in a $40 million Series B round for Pilot, an accounting solution business.
7. Stripe led a $4.5 million seed round in media CRM startup, Pico, in May 2019.
8. In April 2021, Stripe led a $22.5 million Series A funding round for Step, a startup that provides teens and families with tools for modern-day banking and financial literacy.
9. Stripe invested in a $102 million Series A round for “one-click” online shopping startup, Fast, in January 2021.
10. In March 2020, Stripe invested $3.1 million into workforce management software startup Assembled, and another $16.6 million a year later, March 2021.
11. In September 2020, PayMongo, a Filipino online payment platform, raised $12M in Series A funding led by Stripe, with support from existing investors Y Combinator, Global Founders Capital, and newcomer Bedrock Capital.
12. Cap table management service provider Pulley raised a $10 million Series A round in October 2020 led by Stripe.
13. Check, an API-first payroll platform, raised a $75 million Series C round in January 2021 led by Stripe, with participation from Bedrock, Thrive, and Index.
14. Stripe led a "seven-figure” investment in Pakistan-based payment provider Safepay in February 2021.
15. Stripe was one of five Seed Round investors in Israeli-based B2B eCommerce payment provider Balance in February 2021, where the company raised $5.5 million.
16. Cashless payment app for the African market Wave reported a $200 million Series A round led by Stripe, Sequoia Heritage, Founders Fund and Ribbit Capital in September 2021.
17. Stripe participated in a $130 million fundraise for TrueLayer, a Uk-based fintech company, in September 2021.
18. In April 2021, Stripe participated in a $115 million funding round for New York fintech start-up Ramp, and in less than a year, March 2022, the payment giant joined a new funding round valued at $750 million.
19. Archive, a social listening and user-generated content platform, received a $4 million Seed fundraising round led by Stripe in November 2021.
20. EdTech startup Manara secured $3 million in pre-seed funding in May 2022, led by Stripe, with support from Reid Hoffman (LinkedIn), Paul Graham (Y Combinator), Eric Ries (Lean Startup), and Mudassir Sheik.

Stripe’s Social Good Initiatives

Stripe is driven by the conviction that "the Internet and developers would drive rapid economic growth across the world." They've crafted tools for social commerce and online marketplaces, with products for setting up and managing new ventures. Stripe also engages in powerful social impact initiatives.

1. Stripe launched Stripe Capital in 2019, a lending service for small businesses, offering flexible payments without lengthy application.
   • Companies that used Stripe Capital for financing received 114% higher revenue growth than their counterparts.
   • SMBs processing under $100,000 annually saw a140% revenue surge post-borrowing from Stripe Capital.
   • Stripe says only 5.5% of Stripe Capital users had previously benefited from a traditional lender.
   • SMBs in Stripe network can now complete loan applications directly from the Dashboard and receive loans within days.
   • While loan fee is ~10% of borrowed amount, the repayment terms vary based on the amount borrowed: for a $15,000 loan, you’ll need to allocate 9% of sales towards repayment, 12% for a $20,000 loan, and 15% for a $25,000 loan.

2. Stripe launched the Stripe Climate initiative in 2020, enabling its customers to allocate a portion of their proceeds directly to climate projects like carbon capture.
   • Stripe Climate took off with 25 beta users and received a $1 million direct investment from Stripe.
   • Over 15,000 companies across 40+ countries bought carbon removal through Stripe Climate in 2021.
   • In 2022, Stripe joined forces with Alphabet, Shopify, Meta, and McKinsey Sustainability to launch Frontier, a market commitment to purchase more than $1 billion of permanent carbon removal by 2030.
   • In 2023 Stripe embedded Climate Orders in Stripe Climate so that businesses can pre-order a specific number of carbon removal tons from Frontier’s offtake portfolio.
   • Estimates suggest annual demand will reach 40 million to 200 million metric tons of carbon dioxide by 2030.
   • The Intergovernmental Panel on Climate Change estimates that by 2050, the world will need to remove 5–10 gigatons of CO2 from the atmosphere every year.

This research provides general and factual information as of the time of writing. Chargeflow assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

SOURCES

• YC
• Inc
• Stripe
• Stripe
• Stripe
• Stripe
• Stripe
• Stripe
• Stripe
• Stripe
• Stripe
• Stripe
• Stripe
• Linqto
• CNBC
• NY Times
• CB Insights
• CB Insights
• CB Insights
• TechCrunch
• YahooFinance
• John Collison (X)
• Influencer Marketing Hub‍
• Panel on Climate Change ‍
• Boston Consulting Group‍
• Stanford university
• Bloomberg‍
• Wikipedia‍
• BuiltWith‍
• Getlatka‍
• Statista‍
• Statista‍
• Statista‍
• Forbes

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