Luca Arrigo’s Post

Stripe came in and disrupted the online payment systems globally, but in the course of the disruption, they have put power into the hands of small businesses. Paystack and Flutterwave also decided they wanted to enable merchants to receive payments from anywhere, and they have been working and walking towards that mission daily. Another disruption-style event/process is taking place from the most unlikely places, and we want to not just disrupt the shopping, retail and logistics ecosystem, we want to put power back into the hands of small business owners and individuals. We are building Uber for Logistics and Mobility in Fast Mobility... and for us, we want to enable you to get the best prices to pick up and deliver your products, packages, parcels, waybills... And the exciting part is that we want to enable you to earn money. Visit: https://lnkd.in/eGwebxWh to learn more and get the opportunity to get FREE DELIVERY Services with us. Follow Fast Mobility #letsbuildit #startup #tech #africa #businessgrowth #revenue #logistics #supplychain #parcel #dispatch #lowcost #globalbusiness #sme

Why Stripe Prevented Paystack From Growing Outside Africa A few years ago, Stripe bought Africa's fastest-growing startup, PayStack, for a staggering $200 million and praised the founders for building such an amazing company in such a short time. Like many, I believed that they would immediately absorb Paystack and go on to Stripe, but they didn’t. Instead, Stripe let PayStack exist as a subsidiary and basically keep doing what it was doing. It wasn’t until the economy took a turn for the worse that Stripe had to lay off 14% of its staff. Consequently, Paystack's CEO had to do the same and lay off almost 20% of their team, which consists mostly of hires outside of Africa in the UK and the UAE. However, as I spent the last few weeks doing extensive research on the payments industry in Africa and its many opportunities, I finally had a chance to talk to people closer to the companies and learn what caused the sudden change in geographical strategy. While many companies dream of making it big in the US or in Europe after they have captured their own market, so did Paystack. But, once Paystack sold to Stripe, ambitions quickly had to give way to reality and fit within the bigger scheme of things at Stripe HQ. Let me explain… While most payment companies in Africa are very focused on Mobile payments, there are actually very established players that have seen tremendous success in the card-based payments space. By focusing mostly on helping international and local enterprise businesses process payments domestically and cross-border, companies like Interswitch Group, Flutterwave, and even e-commerce platform Jumia Group are responsible for the majority of the volume processed outside of mobile money. So, instead of letting Paystack grow into regions outside of Africa, being a subsidiary of Stripe, this didn’t make a lot of sense, as that would interfere with the plans Stripe had for its own global growth. By letting Paystack be its own entity and focus on what I believe are at least five of the six most important Payment markets in Africa, namely Nigeria, Ghana, Egypt, Kenya, and South Africa, Stripe is betting that Paystack can be the most dominant Payments Service Provider in Africa. Undoubtedly, one day, when the time is ripe to either spin off through an IPO, sell to a Private Equity firm, or still totally absorb into their organization. But as with other companies who have thrown around millions or even billions, like PayPal did with Braintree and Worldline had with Ingenico if you don’t do it early, it will be more challenging to do later down the line, causing you to maintain different infrastructures and missing out on the economies of scale. Let me know what you think, will Paystack be able to become the biggest Payments Processor in Africa? Or did they sell to early? P.S. If you missed my deep-dive newsletter on Africa yesterday, check it out here: https://buff.ly/3xwcYPH

🌟 Today’s day 4 Competition Topic: Which Fintech do you like most in the world? How does their service positively affect society and the economy? 🌟 One of the few fintechs that come to mind is Stripe. Stripe, a major payment gateway, has revolutionized how online transactions are handled by businesses. Society’s Response:⭐️ Stripe facilitates global access to small businesses and start-ups through simplifying online payments. This gives entrepreneurs more influence while promoting innovation by making it possible for even people with brilliant ideas to own a business. Besides, support from Stripe towards charity groups makes fundraising easier thereby connecting charity purposes to all over the world. Economic Consequence:⭐️ The technological advancement in stripe ensures that there is economic progress through powerful and scalable payment solutions that can handle high volumes of transactions efficiently. In addition, digital economy is empowered by stripe which allows e-commerce businesses to flourish and go international . Further, stripe focuses on security as well as detection of fraud ensuring safe e-transactions hence customers will shop with confidence online. Overall, Stripe exemplifies how Fintech can have a positive impact by supporting small businesses, promoting global commerce, and enhancing the digital economy. Huge thank to: ♥️ Farida Elsefary Mostafa Torky Lydia Kamiel Maged Moris Karim Hedwan #Fintech #Stripe #Ecommerce #EconomicGrowth #Innovation #CIB_Summer_Internship_2024 #CIB #Finance #Technology #OnlinePayments #cib_summer_internship_2024

Payment Processed: The Rise of Stripe. Fintech darling #Stripe has struck a deal for current and former employees to sell ~$1B in Stripe shares, possibly delaying the company’s long-awaited #IPO.

The good news for those cashing out some of their hard-earned #shares is that the deal was done at a reported $65B valuation, a 30% increase on its last fund raise, when the company raised over $6.5Bin one of the largest private stock sales in history. Despite this uptick, the valuation falls below its 2021 peak of $95B and well below smaller private #sales of Stripe stock that were done at prices that implied a valuation north of $100B. 

Founded by the Irish Collison brothers, Stripe has become an indispensable player in the “buying stuff on the internet” ecosystem, with the company reportedly processing a mind-boggling $1T in payments last year, according to a recent interview given by CEO Patrick Collison. That means Stripe processed more than the GDP of the vast majority (175+) of countries on Earth.

Stripe supercharged its #growth by striking early partnerships with other #tech startups, including #Shopify and #Instacart. In recent years, however, the company has also cracked a number of household brands, with Stripe now processing payments for companies such as #Ford, #Amazon, and #IBM.

When e-commerce went hyperbolic in the pandemic, Stripe was catapulted into the limelight as one of the most valuable startups in the world, becoming something of a bellwether for the broader IPO pipeline ever since. Last year's tally of 171 public listings marked the global market's lowest point since 2012. Now it looks like Stripe may wait until 2025 to go public... if it does at all. [email protected] 818-914-9271 #tradecreditinsurance

Today Stripe is publishing our annual letter. Here are my key takeaways: 1. Collectively, the businesses using Stripe passed the milestone of $1 trillion in total payment volume in 2023, up 25% from the prior year. This means that roughly 1% of global GDP now runs on Stripe.  2. Our enterprise segment continues to grow rapidly, with more than 100 large companies processing over $1 billion per year with Stripe. 3. Although VC funding in 2023 hit its lowest levels since 2018, we’ve actually seen record startup formation across Stripe. You can find the full letter: https://lnkd.in/gv_B3ykb. What are your thoughts? #stripe #payments #enterprise #startups #ecommerce #trends #economy

Exciting times ahead for UK businesses with Stripe's new payment tools and financing options! - With improved access to capital, UK businesses can accelerate growth and thrive in today's competitive market - These new offerings reinforce Stripe's commitment to supporting businesses at every stage of their journey As fintech continues to revolutionize the financial landscape, Stripe's initiative in the UK signifies a broader trend of empowering small and medium enterprises through innovative solutions - The launch of these tools not only benefits businesses but also contributes to the overall economic growth and resilience of the UK market Stay tuned as Stripe leads the way in enabling businesses to reach their full potential through tailored financial solutions Join the fintech revolution with Stripe's groundbreaking offerings and witness how access to capital can transform businesses globally! 🚀💳 #Fintech #PaymentGateway #UKBusinesses #Innovation #FinancingOptions For more insights on fintech solutions and payments, feel free to contact me at +17625005002 or reach out via my telegram chatbot at t.me/Finsolgroupbot.

𝗦𝘁𝗿𝗶𝗽𝗲‘𝘀 𝗨𝗞 𝗦𝗲𝘀𝘀𝗶𝗼𝗻𝘀 𝘁𝗼𝘂𝗿 𝗮𝗻𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗟𝗮𝘂𝗻𝗰𝗵 Sat on basically the front row of the audience of Stripe’s UK tour this morning, I heard a few of the interesting products just announced for the UK market and a sneak peak at some others. A couple of the big ones are: 👉🏽 Stripe Capital: Unlocking access to funding for the UK’s small businesses and creates new revenue streams for platforms. AKA Get Financed 👉🏽 Available in the UK first, Stripe’s Open Banking-powered payment method and faster manual payouts provide businesses with quicker, cheaper ways to access their earnings. AKA Get Paid Faster and Understand Cashflow As someone who has worked in SME lending and called out Getting Finance and Getting Paid Faster as part of my product strategy work, these new products to serve business needs are welcome, will positively impact businesses but shouldn’t be a huge surprise given the challenges businesses face. It’s the scale of coverage of these solutions and Stripe’s product evolution that is super inpressive. From 2010: “Startup to help US businesses take credit card payments” To today: “Everything payments, for all businesses…Everywhere”. This warrants a deep dive on their evolution, product stack, the Jobs they are solving for businesses, product metrics they drive for customers, and more, right? 👀

In its yearly note, Stripe declared that, in 2023, it had processed over $1 trillion in payments, a 25% increase from 2022. The annual letter from Stripe gives an overview of a flourishing business. Stripe is big enough that any discussion of its expansion must take into account the expansion of the payment industry as a whole. By that measure, the company is outperforming its market. Despite the huge growth that these technologies have enabled Stripe to accomplish, John Collison believes that the fintech's US$1 trillion milestone is only the beginning. “We are very early in the overall Stripe growth trajectory in the markets that we serve. But, depending on how you define digital payments, it’s US$50tn-plus in total payment volume. So, we’re less than 2% of the overall digital payments market.” Stripe was founded in 2011 by the Collison brothers, and its main business is developing payment infrastructure for both new and established businesses. Additionally, the financial technology department has created a set of tools to assist clients with billing, revenue, and taxes. 

All aboard the Stripe Tour! 🚌 Fantastic day at the Stripe Tour event yesterday held at Tobacco Dock London. Tuesday morning began with (coffee, followed by) an uplifting keynote, with John Collison highlighting the trajectory of growth within the startup sector in the UK, and the importance of implementing the right supporting tools within these up-and-coming businesses. Hearing from Gabriella Monnington discuss the impact of Stripe at ITV, Rachel McShane touch on the mighty success of Depop and Wendy Bergh speak about the growth of Zoom post-pandemic and payment trends that came with this. As someone who regularly speaks to CFOs and finance teams, it was insightful to see how Stripe provide a tech-first solution to a parallel problem in the payments world. Like insurance, finance has been a sector to see huge success in embracing technology, AI and digitalisation to create an efficient and reliable solution to more archaic systems and methods. Stripe are a true fintech trailblazer, demonstrating how a bootstrapped startup can become a $65 billion company if there is a need and a want. #startups #insurance #finance

#FinTech | 💰🚀 #LiquidityEvent Alert: Stripe’s Mega Deal Unleashed! 🎉 🔥 Payments powerhouse, Stripe is making waves with a tender offer, valuing the company at a whopping $65 billion! That's a 30% surge from last year's $50 billion! 💸 But, it's still shy of the $95 billion mark hit in 2021. 😮 Insiders spill the beans: Stripe's sealing a deal with investors, snagging over $1 billion for current and past employees' shares! 💼💰 📊 Here's the juice: 1️⃣ Stripe rules 68.02% of US e-commerce payments tech! 🇺🇸💳 2️⃣ 1,341,361 live websites swear by Stripe! But worldwide, it's just a 6% slice of the pie. 🌍🥧 3️⃣ Bagged $14 billion in 2022, up from $12 billion in 2021! 💰💼 4️⃣ Netted $2.5 billion in 2021! 💸 5️⃣ Hauling $2.255 billion from APAC & EMEA regions in 2022! 🌏💰 6️⃣ Spread across 47 countries! 🌐 7️⃣ Powering payments for 3.16% of the top 1 million websites! 💻💳 8️⃣ 30% of Stripe users hail from the US! 🇺🇸 Get ready for the Stripe sensation! 🌟🚀