![]() ![]() ![]() The Collisons have come a long way from the precocious boy wonders who, a dozen years ago, wowed Silicon Valley with just nine lines of code-which was all developers needed to copy and paste to enable credit card payments on their sites. Levon Biss for Forbes Ethan Pines for Forbes "We meet in the middle where Patrick and I might end up debating products," John says. The younger Collison works with sales and marketing more introverted Patrick with engineering and finances. (Forbes estimates Patrick and John Collison each own about 10% of Stripe, making them worth $9.5 billion each.) That puts Stripe behind only TikTok owner Bytedance, Chinese e-commerce juggernaut Shein and Elon Musk’s SpaceX for the title of the world’s most valuable startup. Its eye-popping financials explain why investors including Fidelity and Ireland’s sovereign development fund poured an additional $600 million into Stripe in March 2021, raising its total funding to date to $2.4 billion and valuing it at $95 billion. Stripe declined to comment on its figures. And, unusually for a unicorn that’s still growing fast, Stripe finished the year with hundreds of millions in profit on an Ebitda basis, two sources add. Net revenue, which excludes the cut Stripe passes along to partners like Visa and Chase, reached nearly $2.5 billion. Its gross revenue, still mostly the 2% to 3% it collects on such volume, reached nearly $12 billion in 2021, according to sources with knowledge of its financials, up about 60% year over year. The company, dual-headquartered in San Francisco and Dublin, processed $640 billion in payments last year across 50 countries. “Everyone just needs to be a grownup and well-behaved about it.”Įven so, such “front page tests” of Stripe’s ethical reputation, as Patrick calls incidents that have the potential to bubble up in the popular press, will only prove more common as Stripe transitions from startup darling to tech dreadnought. “We will compete with a bunch of companies, and we’ll partner with a bunch,” John says with a shrug. ![]()
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