Stripe payments soar to $1.4tn amid company revaluation of $91.5bn as Collison takes aim at ‘inability to solve obvious infrastructural problems’ in Ireland
The payments firm, founded by Limerick brother Patrick and John Collison, saw a 38pc rise in payments last year
The move follows previous shareholder sales to help staff and investors realise liquidity from their investments or employment at the online payments firm.
The news was confirmed by co-founder John Collison in an interview with European journalists, including the Irish Independent.
It comes as the company, founded in 2011 by Limerick brothers Patrick and John Collison, published an annual update letter revealing that online payments using Stripe rose to $1.4tn last year, a jump of 38pc.
Stripe was profitable in 2024 on a ‘gaap’ basis and expected to be so in 2025, without giving any further figures, according to the update. Speaking to journalists, John Collison reiterated that Stripe has no plans for an IPO.
Collison also expressed dismay about Ireland’s “seeming inability” at improving infrastructure.
“I would like to see more concern in Ireland about our seeming…
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