The pandemic threatened to clobber Stripe. Instead, it turbocharged the company. Stripe’s revenue last year rose nearly 70%, to about $7.4b, according to people with knowledge of the company’s finances. Other startups might have flashier apps or more recognized brands, but Stripe showed that it is better to be a workhorse than a show pony.
“We wanted to send a very clear message that they could rely on Stripe and Stripe wasn’t going anywhere,” said President John Collison.