Stripe surpassed $1 trillion dollars in total payments in 2023, he said while trying not to laugh like Dr. Evil from the Austin Powers movies.
The co-founders and brothers Patrick and John Collison attributed the 25% increase from 2022’s payment volume to Stripe’s enterprise business, startups adopting its products, and billing and tax services.
Stipe reached this $1 trillion dollar payment volume milestone only 15 years after they were founded, in comparison to PayPal which took 23 years to reach the same volume.
What does that mean? Probably nothing, but if you ask me it shows Stripe has been more innovative in the products they’ve brought to market, and how they’ve helped to make Stripe the go-to payment processor for software developers through their easy to use API and marketing to startup founders.
Stripe reveals it passed $1 trillion in total payment volume in 2023