Stripe may be one of the most valuable fintechs in the world, but its international arm also just announced a $1bn loss. What’s going on? „Part of this was attributed to a one-off incremental share-based payment to existing and former employees, however this was by no means the only contributor to the company’s losses surge.” – according to FXCintelligence.
Stripe has reported its FY 2023 results for its EMEA and APAC-focused Stripe Payments International Holdings, including a significant increase in losses partly attributed to a one-off employee share payment. But what else has contributed?
As a company that has yet to IPO, payments processing giant Stripe does not release full financials, but does publish accounts for Stripe Payments International Holdings, the Ireland-headquartered division that oversees the company’s European, Middle Eastern and Asia-Pacific operations, which in 2022 accounted for around 25% of the entire company’s employees.
While Stripe Payments International Holdings grew revenue in 2023, it also reported a very significant uptick in losses.
More details here: Link
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
