America used to be behind on digital payments. Not any more
PayPal, Stripe and others are only just getting started
JUST OVER a decade ago Patrick and John Collison founded Stripe, a company in Silicon Valley that helped other tech startups accept online payments. It has since outgrown them all. On March 14th the firm said it had closed a fundraising round valuing it at $95bn—three times its valuation 11 months ago and enough to make it America’s biggest-ever unlisted firm. Stripe is not the only company cashing in on the check-out business, as the payments revolution finally takes off in America.
This article appeared in the Finance & economics section of the print edition under the headline “Scaling the peak”
Finance & economics March 27th 2021
- Just how anchored are America’s inflation expectations?
- The impact of green investors
- Trade inflows in Asia fuel debate over currency intervention
- Battered Bafin’s new boss Branson
- The Fed and the bond markets
- The economics of falling populations
- America used to be behind on digital payments. Not any more
From the March 27th 2021 edition
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