In 2022, 1 in 10 people worldwide transacted with a business powered by Stripe, according to the company, co-founded by brothers John and Patrick Collison. It’s quite a feat, and part of the company’s mission to “increase the GDP of the internet.” Stripe’s millions of customers collectively processed more than $817 billion in 2022, up 26% from the prior year. It hasn’t been impervious to volatile conditions—it laid off 14% of its workforce in November, and slashed its valuation from $95 billion two years ago to $50 billion in March—but the payment processor continues to build, adding automation tools and major new companies like Amazon and Ford to its roster.
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