IPO prep perhaps - doing some napkin math: $640B in payment processing * ~3% = 19.2B in yearly revenue growing at 60%.
Best public comp. would be probably Block(formerly SQ). They are doing $17.6B revenue @ 86% growth.
Stripe last raise valuation: $95B. Block Market cap: $74B.
There are some bitcoin revenue shenanigans with Block on what counts and what doesn't. But they are profitable, and Stripe probably isn't - so, its a reasonable comparison I think.
I like Stripe a lot (and Block too!), but man - private markets are wild.
Best public comp. would be probably Block(formerly SQ). They are doing $17.6B revenue @ 86% growth.
Stripe last raise valuation: $95B. Block Market cap: $74B.
There are some bitcoin revenue shenanigans with Block on what counts and what doesn't. But they are profitable, and Stripe probably isn't - so, its a reasonable comparison I think.
I like Stripe a lot (and Block too!), but man - private markets are wild.