In a confidential pitch deck to investors, the U.S. fintech giant said its payments volume growth was 23 per cent this year through the end of January, faster than Airbnb, Amazon and DoorDash in the U.S., according to The Information. The company also boasted that it has promising AI startups, like Open AI, as clients. (The Information)
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In a confidential pitch deck to investors, the U.S. fintech giant said its payments volume growth was 23 per cent this year through the end of January, faster than Airbnb, Amazon and DoorDash in the U.S., according to The Information. The company also boasted that it has promising AI startups, like Open AI, as clients. (The Information)
Talking point: Stripe has been working with investment firm Goldman Sachs to help fundraise amid tougher market conditions. The company is seeking a Series I round, with Thrive Capital expected to lead. In its pitch deck, Stripe said it needs US$4 billion by the end of 2024—and implied it needs US$2.3 billion of that by the end of this quarter to cover a withholding tax bill related to employees’ stock grants, which would expire before a potential public listing. The once-highest value private U.S. company has been reportedly seeking advice from Goldman Sachs and JPMorgan Chase about a potential IPO next year. The Information also previously reported that Stripe was turning to existing investors to raise up to US$3 billion. One of its backers includes Shopify, which had a US$350-million stake in the company as of 2021.
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