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”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
