FinTech Magazine - June 2023 | Page 152

TOP 10
Stripe US $ 95bn
Founded in 2010 by a pioneering pair of Irish brothers , Stripe takes the gong as the biggest fintech unicorn by market valuation . The company provides APIs for money transfers , accepting credit cards and for subscription management .
Publicly valued at $ 95bn as of Q4 2022 , this figure has faced some recent scepticism after a round of Series I funding valuing Stripe at $ 50bn saw it raise $ 6.5bn in March 2023 . Andreessen Horowitz , Baillie Gifford , and Founders Fund were among the lead investors in this public investment round . In its annual update published in April 2023 , the fintech says it processed financial transactions totalling $ 817bn for the full-year 2022 – a 26 % rise from 2021 . Stripe says it now supplies over 100 companies that process over $ 1bn in payments using its platform , with overall clientele up 19 % year-on-year .
152 June 2023