Stripe surges to $91.5B valuation as AI fuels record payment growth 😳💳; Bank of America is poised to enter the stablecoin market 👀🪙
FinTech is Eating the World, 28 February
Hey Everyone,
TGIF! I couldn’t have ever wished for a better issue to finish another amazing week in FinTech 🫣 Today we’re looking into Stripe which just surged to $91.5B valuation as AI fuels record payment growth (a quick look at their annual 2024 letter with key insights & things worth paying attention to, how Stripe stacks against Adyen + more bonus dives inside), and Bank of America that’s poised to enter the stablecoin market very soon (what it’s all about & why it matters + bonus deep dive into BoA and their latest financials). So without further ado let’s jump straight into the awesome stuff 🌶️
Stripe surges to $91.5B valuation as AI fuels record payment growth 😳💳
The news 🗞️ Digital payments giant Stripe has just completed a tender sale valuing the company at a whopping $91.5 billion, marking a significant recovery from its $70 billion valuation a year ago and approaching its peak valuation of $95 billion in 2021.
The FinTech behemoth processed an impressive $1.4 trillion in payment volume in 2024, representing a 38% year-over-year increase that the company attributes to an "unusually good year."
Let’s take a quick look at this and see why it matters.