Stripe
Stripe is a financial technology company that provides online payment processing infrastructure, helping businesses and individuals conduct transactions over the internet . Founded by brothers John and Patrick Collison, it has grown into one of the highest-valued private technology companies, with a market valuation reaching $70 billion as of mid-2024 when Sequoia Capital's US arm purchased up to $861 million in shares at $27.51 per share .
In recent years Stripe has rapidly expanded beyond its core online payment gateway into a broader product matrix, positioning itself as a potential "financial intelligence super entry point" in the AI era . Its infrastructure already powers some of the fastest-growing AI companies globally, including OpenAI, Cursor, Midjourney, Manus, and Lovable . In the Asia-Pacific region, Airwallex counts Stripe among its key competitors in the merchant-acquiring business .
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Coverage
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