Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Payment provider Stripe predicts a challenging period ahead conditions tighten

by April 6, 2023
April 6, 2023
Payment provider Stripe predicts a challenging period ahead conditions tighten

Stripe, the Irish-American payments group, has described a “significant deceleration” in growth after years of rapid expansion.

Start-ups face a challenging environment that is “getting harder”, its founders cautioned in their annual letter, after venture capital investments declined by two thirds from the start of 2021 to the end of last year. Based in San Francisco and Dublin, Stripe is behind the financial plumbing that allows millions of businesses — such as Amazon, Google, Microsoft and Uber — to sell products and services. It was set up in 2011 by the Irish brothers Patrick, 34, and John Collison, 32.

“Collectively, businesses built on Stripe processed more than $817 billion in total volume in 2022, up 26 per cent from the prior year,” the Collisons wrote.

“This is a significant deceleration from the breakneck growth that we saw during 2020 and 2021.”

Stripe raised $6.5 billion in a funding round last month that valued it at $50 billion, down from $95 billion two years ago.

“While 2019 feels like a different era, it’s entirely plausible that the changes of the next four years will be greater”, the brothers wrote. “We’ll all need our wits about us.”

Start-ups are attempting to make money “earlier and in more ways” in tightening conditions, they added.

“We’re working hard to make this easier and faster across the board.”

Read more:
Payment provider Stripe predicts a challenging period ahead conditions tighten

0
FacebookTwitterGoogle +Pinterest
previous post
UK house prices rise for third month in March
next post
New orders deliver boost to UK service sector

You may also like

Construction Injuries on Public Projects: Legal Differences in...

April 26, 2025

Business development to bottom line: Turning effort into...

October 23, 2024

UK’s 110 most prolific under-40 entrepreneurs revealed

March 12, 2025

Cost of renting hits highest in a decade

June 21, 2023

Real-World Asset Tokenization: Eugene Ng’s Vision for the...

April 2, 2025

AI to boost UK economy by £400bn says...

July 5, 2023

How Dividends Are Paid on Stocks: An Explanation

December 22, 2024

Breaking Down UK Inflation: The Impact of Rising...

June 2, 2023

Vital Skills that Startup CEOs Need, Which Multinational...

January 28, 2025

Labour to strengthen workers’ rights ‘within first 100...

October 9, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The New Retaliation Tax, Section 899

      June 10, 2025
    • M&S reopens online orders after cyberattack disruption

      June 10, 2025
    • UK payrolls see biggest drop since covid as wage growth slows and job market weakens

      June 10, 2025
    • Why AI and green tech are vital to SME growth in 2025

      June 10, 2025
    • Yes, it’s great to get PR coverage – until it’s locked behind a bloody paywall

      June 10, 2025
    • We have to act now to keep AI from becoming a far-left Trojan Horse

      June 10, 2025

    Categories

    • Business (8,174)
    • Investing (2,022)
    • Politics (15,580)
    • Stocks (3,138)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved