Stripe Reaches $91.5 Billion Valuation in Latest Tender Offer
The fintech firm reports $1.4 trillion in 2024 payment volume and confirms profitability while delaying IPO plans.
- Stripe's new tender offer allows employees and shareholders to sell shares at a $91.5 billion valuation, a 41% increase from last year's $65 billion valuation.
- The company remains private and has no immediate plans for an IPO, according to co-founder John Collison.
- Stripe processed $1.4 trillion in payment volume in 2024, a 38% increase from the prior year, and reports profitability for 2024 with expectations to remain profitable in 2025.
- The company has seen significant growth from AI-related businesses, with clients such as OpenAI, Anthropic, and over 700 AI startups joining in 2024.
- Stripe now serves half of the Fortune 100 companies, highlighting its expansion from startup-focused services to major enterprise clients.