Stripe Says It Expects to See $1T in Payments Volume in 2023

Stripe reportedly expects to process $1 trillion in payment volume this year.

That figure would be up from the $800 billion the payment platform processed in 2022, Bloomberg reported Friday (Feb. 17), citing unnamed sources who said the firm shared these figures with potential investors.

It would also mean that Stripe reached the landmark figure of $1 trillion in about 13 years, while PayPal did so in 2021 after 23 years, according to the report.

Stripe’s payment volume increased 25% in 2022 after having grown 60% in 2021 — a slowdown reflecting a widespread drag on eCommerce growth after lifting pandemic-era restrictions, the report said.

The firm also told investors that it expects to rack up adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $100 million this year after having lost $80 million in 2022, according to the report.

In its current talks with investors, Stripe is aiming for terms that would value the company at $55 billion, the report said.

Stripe did not immediately reply to PYMNTS’ request for comment.

This report comes about three weeks after the Wall Street Journal (WSJ) said that Stripe is considering either going public or allowing employees to sell their shares within the next 12 months.

Stripe has employees and other investors who would like to be able to sell their shares, but it doesn’t need to raise capital, so it is more likely to conduct a direct listing than an initial public offering (IPO), the WSJ reported Jan. 26.

Days later, on Jan. 30, The Information reported that Stripe is looking to raise $3 billion from its existing investors in a deal that would value it at between $55 million and $60 million.

Talks between Stripe and investors have been going on for months, according to the report.

The firm has been adding and expanding partnerships in recent weeks. For example, Stripe has been tapped by BMW of North America as that firm’s primary payments infrastructure for United States vehicle preorders and online purchases of extended warranties. It has also become a strategic payments partner of Amazon in the U.S., Europe and Canada.