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

£1m paid to Octopus Energy customers as part...

January 26, 2023

Good news for James Timpson, prisoners want to...

July 10, 2024

Tata Steel workers and suppliers receive £13.5 million...

August 15, 2024

Chancellor is ‘likely to miss debt target’ despite...

August 23, 2023

The Legal Landscape of E-commerce: Contracts, Compliance, and...

October 11, 2024

Sunniest April on record lifts UK retail sales...

May 13, 2025

Recession uncertainty tames UK business confidence upward movement

June 2, 2023

Rachel Reeves embarks on New York mission to...

July 23, 2024

British Steel’s Chinese owner seeks huge government aid...

October 3, 2022

Strava acquires UK running app Runna in multimillion-pound...

April 17, 2025

    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

    • What Is the Opportunity Cost of State AI Policy? A New Cato Policy Analysis Discusses

      June 10, 2025
    • ‘Blazing the trail for others’: easyJet founder Sir Stelios awards £300,000 to disabled entrepreneurs transforming care, baking and logistics

      June 10, 2025
    • Republicans challenge ‘irrelevant’ budget office as it critiques Trump’s ‘beautiful bill’

      June 10, 2025
    • Greta Thunberg deported from Israel after Gaza-bound ‘selfie yacht’ was seized

      June 10, 2025
    • Judge restricts DOGE access to federal databases, finding ‘breach of law and trust’

      June 10, 2025
    • GOP unveils new weapon to help slash billions in government waste as Republicans rally behind Trump’s plan

      June 10, 2025

    Categories

    • Business (8,175)
    • Investing (2,023)
    • Politics (15,584)
    • 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