Stripe Wants To Delay Its IPO

Earlier this year, it also entered into a partnership with Japan’s international payment brand, JCB. The partnership will enable businesses to accept online payments with JCB using Stripe. Eligible Stripe-powered businesses will also have faster access to JCB funds in their account. Additionally, businesses on Stripe in the US, Canada, Australia, and New Zealand, will be able to instantly accept payments from JCB cardholders, thus accelerating commerce between Japan and the rest of the world.

Stripe has been expanding its presence internationally, and tie-ups like those with JCB have helped it leapfrog in some markets. Despite the COVID-19 crisis, the company has grown its international presence and is now available in 39 countries of which 28 are in Europe.

The current pandemic has accelerated the move to a digital economy. Other online payment processing services, like Square and PayPal, have had a strong run so far, delivering robust revenue growth. For the last quarter, Square’s revenues grew to $1.9 billion from $1.2 billion a year ago and PayPal’s revenues grew 23% over the year to $5.3 billion. Both Square and PayPal are listed companies that have seen their stock grow despite the pandemic.

Stripe continues to add leaders in key positions. Recently it announced the addition of Dhivya Suryadevara, former General Motors CFO, as its CFO. It also added Mike Clayville, an ex-AWS executive, as its Chief Revenue Officer. Analysts are still hopeful that the company will list soon. Stripe wants to take it slow and invest in growth instead.

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Sramana Mitra is the founder of One Million by One Million (1M/1M), a global virtual incubator that aims to help one million entrepreneurs ...

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William K. 1 month ago Member's comment

With such a success story why would a company want to go public? The need is not obvious to me, at least. A privately held company can avoid the rules and restrictions placed on publicly traded companies, which I would consider a benefit.