Stripe is finally getting ready for an IPO 🥳; Unlocking Series A & B: top 5 funding tips for FinTech startups 💸; FinTechs & Neobanks are winning against incumbents in checking account race 🏦

FinTech is Eating the World, 8 August

Hey Everyone,

Happy Tuesday! This Tuesday is as hot as never as today we’re going to look at Stripe, which is finally getting ready for an IPO (it’s about time + a bonus deep dive into Stripe), unlocking Series A & B, or top 5 funding tips for FinTech startups (+ you will also unlock VC lists, startup templates, pitch deck framework, and more!), and FinTechs and Neobanks that are winning against incumbents in checking account race (what this has to do with Apple Bank?). Let’s jump straight into the spicy stuff 🌶

Stripe is finally getting ready for an IPO 🥳

The news 🗞️ US financial technology giant Stripe has appointed Steffan Tomlinson as its new Chief Financial Officer (CFO).

This clearly marks the beginning of Stripe getting ready to go public.

More on this 👉 Tomlinson brings more than 25 years’ worth of financial experience across the technology landscape to his new role, joining from data infrastructure firm Confluent CFLT 0.00%↑, where he also served as CFO for over 3 years. Before that, he was CFO at Google Cloud GOOGL 0.00%↑ and Palo Alto Networks PANW 0.00%↑.

In his new role, he will be tasked with scaling Stripe’s financial operations.

The IPO bell 🔔 Tomlinson is clearly The IPO Guy. Not only has he taken 3 companies through an initial public offering. On top of that, he has literally written a guide/framework on going public from the lens of a CFO. It can’t get any more clear than this.

✈️ THE TAKEAWAY

What’s next? 🤔 In late January, it was reported that the company’s co-founders were planning to decide within the next 12 months whether to take the company public or allow employees to sell shares in a private-market transaction. It is now clear that the public route is probably the most likely outcome here. Payments giant and one of the world’s most valuable startups has been staying private for more than a decade. And while the best IPO window has already been closed, now is Stripe’s second-best chance. Even with their ~50% correction, I’m confident that Stripe will still be the biggest FinTech IPO ever. In fact, it could be one of the biggest public-market debuts of all time 🚀

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Stripe is diversifying beyond payments 💳 [a deeper dive into Stripe + a ton of bonus reads]