Stripe launched in 2011 as payment processing software for online businesses.
Initially available only in the US, Stripe has quickly expanded internationally to 43 different countries.
Following its public launch in September 2011, it took the startup less than 3 years to achieve a valuation of over $1 billion. Today, the company is valued at $36 billion.
Below, you’ll find out the latest available data on Stripe in 2021.
Stripe Statistics (Top Picks)
- Stripe is currently valued at $36 billion (up from $5 billion in 2015).
- Currently, 1.96 million active websites use Stripe.
- Stripe has raised a total of $1.95 billion in funding.
- Elon Musk was among the early investors in Stripe during a seed round in 2011.
- Stripe has 33 investors.
- Stripe holds 38 patents.
How many websites accept payments via Stripe?
1,957,864 live websites use Stripe, according to BuiltWith data.
Stripe has an 18.54% market share in the payment processing category, when ranked by number of websites using the software.
Where is is Stripe available worldwide?
Stripe is available for businesses located in 43 countries, including 3 with limited access (invite only).
Since 2019, Stripe has expanded to 17 new countries, including Denmark, Malaysia, Mexico, The Netherlands and Poland.
Stripe Atlas, a service for incorporating a company in the US (Delaware), is available in more than 140 countries.
Source: Stripe.
How much funding has Stripe raised?
Across to CB Insights data, Stripe has raised a total of $1.95 billion across 19 funding rounds.
Over the last two years alone (2019 & 2020), Stripe has raised a total of $950 million across 3 funding rounds.
We’ve prepared a table on Stripe funding since 2010:
| Funding round, Date | Amount |
|---|---|
| Seed, June 2010 | $200 thousand |
| Seed VC, March 2011 | $2 million |
| Series A, February 2012 | $18 million |
| Series B, July 2012 | $20 million |
| Series C, January 2014 | $80 million |
| Series C – II, December 2014 | $20 million |
| Series C – III, July 2015 | $100 million |
| Series D, November 2016 | $150 million |
| Line of Credit, November 2016 | $250 million |
| Series Unknown, December 2016 | $16 million |
| Series Unknown, March 2017 | $5.05 million |
| Series Unknown, July 2017 | $6.22 million |
| Series Unknown, March 2018 | $38.65 million |
| Series F, September 2018 | $245 million |
| Series F – II, January 2019 | $100 million |
| Series G, August 2019 | $250 million |
| Series G – II, April 2020 | $600 million |
Source: CB Insights.
How much is Stripe worth?
Reports of Stripe’s next planned funding round put the company at a valuation between $70 and $100 billion.
As of the latest disclosed funding round in April 2020, Stripe is valued at $36 billion.
Stripe’s valuation has increased by 20x since 2014, the year when it joined unicorn startups club with a valuation of $1.75 billion.
We’ve charted the growth of Stripe’s valuation since 2011:
| Funding round, Date | Valuation |
|---|---|
| Seed, March 2011 | $20 million |
| Series A, February 2012 | $100 million |
| Series B, July 2012 | $500 million |
| Series C, January 2014 | $1.75 billion |
| Series C – II, December 2014 | $3.5 billion |
| Series C – III, July 2015 | $5 billion |
| Series D, November 2016 | $9.2 billion |
| Series E, September 2018 | $19.8 billion |
| Series E – II, January 2019 | $22.4 billion |
| Series G, September 2019 | $35.25 billion |
| Series G – II, April 2020 | $36 billion |
Sources: TechCrunch, Bloomberg, Crunchbase, CB Insights.
How much does Stripe process in payment volume?
As a private company, Stripe doesn’t share comprehensive data on internal metrics, including payment volume.
Payments made through Stripe totaled $150 billion as of 2019. A 3x increase since 2017.
In fact, from 2015-2019, Stripe’s payment volume has experienced a compound annual growth rate of 71.88%.
And over the past 5 years, Stripe’s payment processing volume has seen a minimum 50% growth rate each year.
Here’s the table with estimated Stripe processing volume growth since 2015:
| Year | Estimated payment volume |
|---|---|
| 2015 | $10 billion |
| 2016 | $20 billion |
| 2017 | $50 billion |
| 2018 | $100 billion |
| 2019 | $150 billion |
Source: CB Insights.
How many payment methods does Stripe support?
Stripe supports a total of 29 payment methods.
Here’s the breakdown of the number of available payment methods supported by Stripe in each category:
| Category | Number of payment methods |
|---|---|
| Cards | 8 |
| Wallets | 6 |
| Bank debits | 5 |
| Bank redirects | 8 |
| Cash-based vouchers | 1 |
| Buy now, pay later | 1 |
Source: Stripe.
How does Stripe make money?
The Stripe business model is built on charging a commission per successful transaction. The standard rate that Stripe charges is is 2.9% of the transaction + 30 cents.
That said, custom pricing is available for enterprise clients.
Pricing for Stripe Radar (a fraud protection tool) is charged per screened transaction, with a standard fee of 5 to 7 cents.
To set up a new company via the Atlas product, Stripe charges a $500 setup fee along with ongoing costs to run the company, including a registered agent fee in Delaware state ($100 per year) and various packages for corporate tax preparation. Packages start at $250, billed on a yearly basis.
Source: Stripe.
Stripe revenue by year
Stripe doesn’t release official data on company revenue.
Based on estimates from CB Insights, Stripe generated $1.5 billion in annual revenue in 2018.
Here’s the table with Stripe revenue growth since 2014:
| Financial year | Revenue |
|---|---|
| 2014 | $40 million |
| 2016 | $450 million |
| 2018 | $1.5 billion |
Source: CB Insights.
Stripe investments
Stripe has funded other companies as an investor. When adding up all disclosed rounds, Stripe has invested $1.09 billion across 29 deals since 2017.
During early 2021 alone, Stripe invested $208.5 million in 6 startups. Three of which, including Fast, Balance, Safepay are directly related to online payments.
Here’s a breakdown of Stripe’s investments since 2017:
| Year | Funding amount, number of deals |
|---|---|
| 2017 | $93 million, 1 deal |
| 2018 | $133.57 million, 5 deals |
| 2019 | $363.6 million, 9 deals |
| 2020 | $295.27 million, 8 deals |
| 2021* (as of mid February) | $208.5 million, 6 deals |
Source: CB Insights.
Stripe acquisitions
Stripe has acquired a total of 8 companies since 2013.
Stripe’s latest acquisition (announced in October 2020) was the Lagos-based payments technology company Paystack. The company was acquired for a reported $200 million. Paystack has 60,000 existing customers, which should help Stripe build a further presence in Africa.
Here’s the breakdown of Stripe acquisitions since 2013:
| Acquired company | Date |
|---|---|
| Kickoff | March 2013 |
| Runkit | September 2016 |
| RethinkDB | October 2016 |
| Indie Hackers | April 2017 |
| Payable | July 2017 |
| Index Systems | March 2018 |
| Touchtech Payments | April 2019 |
| Paystack | October 2020 |
Sources: CB Insights, Stripe, TechCrunch.
Stripe Climate Initiative
In October 2020, Stripe launched a carbon removal purchase tool within the Stripe ecosystem.
Stripe customers are able to set a percentage (between 0.1% and 5%) of revenue to be used for Stripe Climate contributions. These contributions which go towards a portfolio of carbon removal projects. The company is reports that they don’t take fees on these contribution.
Initially available in the US, Stripe Climate started to become available globally in February 2021.
Stripe CEO Patrick Collison states more than 450 companies are using Stripe Climate. An increase of more than 200 companies since January 2020.
Stripe Enterprise growth
Stripe has a dedicated business unit serving enterprise clients.
Stripe co-founder John Collison, the company has 40+ businesses among its enterprise customers.
The payment volume of Stripe enterprise clients is increasing 2x increase year over year.
Who founded Stripe?
Stripe was founded in 2010 by brothers Patrick and John Collison.
As of February 2021, Forbes estimates that the Collison brothers have a collective net worth of $6.4 billion. Their net worth has increased more than 3x since early 2018, when they were each worth $1 billion.
The Collison brothers became millionaires in 2008 when both were under 20 years old, following the sale of their company Auctomatic for $5 million.
Source: Forbes.
How many companies have used Stripe Atlas?
15,000 companies have been incorporated using Stripe Atlas to date. An increase from 10,000 companies back in November 2019.
Stripe Atlas charges $500 per setup. So we can assume Stripe has made $7.5 million from the startup incorporation business — and that’s only from initial fees.
Source: Twitter.
How many people work at Stripe?
More than 2,500 employees work at Stripe across 14 offices. An increase of 66% since mid 2019.
As of February 2021, Stripe is experiencing a hiring surge with 983 job openings across all locations and teams. Most job postings are for hire in the Engineering team, with 310 roles (a 31.53% share of all vacancies at the company) open across all locations.
The average salary of an employee at Stripe is $127,919. Based on H1B Salary Database findings, Stripe employees with foreign citizenship on an H1B visa in the US received a median salary of $117,770 (based on 87 records).
Source: Stripe, Comparably, H1B Salary Database.
Conclusion
That’s all for my collection of Stripe stats for 2021. Online payments have quickly grown into one of the major players in the fintech industry, processing hundreds of billions of dollars annually.
Hopefully, you found these facts and figures interesting. As a private company, Stripe doesn’t disclose a lot of juicy data. But I did my best to collect what was out there.
Now I’m curious to hear from you:
Any comments? Or do you have any questions about the Stripe stats included here? Leave your thoughts in the comments section below.