Financial infrastructure platform for businesses Stripe today announced that it processed $1.4 trillion in total payment volume in 2024.
The result is up 38% from the prior year, and equivalent to around 1.3% of global GDP.
In their annual letter to the Stripe community, cofounders Patrick and John Collison attributed the rapid growth to long-standing investments in artificial intelligence that “continue to pay off, increasing revenue for existing customers, encouraging more businesses to switch to Stripe, and helping new companies reach significant scale unprecedentedly quickly…In each of the last six years, Stripe has reinvested a much higher proportion of our earnings in R&D than any comparable company. We believe this…
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