Stripe is in “no rush” to go public after the $65bn payments company returned to positive cash flow and raised its private market valuation.
The company, a Silicon Valley bellwether, told its investors on Wednesday that it had processed more than $1tn in payments last year, up 25 per cent from 2022, helping it rebound from a bruising period during which its valuation was cut in half.
“2023 was a big year. We hit dual milestones of $1tn in payment volume and being cash flow positive,” said John Collison, Stripe’s co-founder and president. “We don’t disclose the historical financials, but obviously Stripe has been in build mode up to this point.”
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