Stripe has poached General Motors’ chief financial officer Dhivya Suryadevara. Hundreds of thousands of new businesses have signed up for Stripe since March, allowing the company to hit its 2020 customer targets almost six months early. Almost $10bn in payments have been processed for those new customers, Stripe said, with total volumes now running to hundreds of billions of dollars a year.
“IPO considerations did not figure highly in our reasoning for this hire,” said Mr Collison, who co-founded Stripe with his brother Patrick in 2010. “We have no timeframe that we are working toward in terms of going public. It’s not a near-term thing on the cards for Stripe.”
https://www.ft.com/content/cad1b958-d7fa-409c-b03e-7ecded63aed9