Angharad Knill’s Post

"Our enterprise segment continues to grow rapidly, with more than 100 companies now processing more than $1 billion per year with Stripe". "Our view is that Stripe should be the most reliable part of a business’s stack. During Black Friday / Cyber Monday 2023 (BFCM), the highest-load part of any year, Stripe maintained uptime in excess of 99.999% while processing more than 300 million transactions". Some really great insights in here, particularly how we engineer for reliability. #payments #reliability #enterprise

What’s happening with Stripe 💥 surpassed $1 Trillion in total payment volume in 2023 📈 grew by 25% in payment volume from previous year 💯+ “Enterprise” companies processing over $1 Billion + 💸 increased revenue by 10% for companies using our optimized checkout suite 🔃 Stripe’s Revenue and Finance Automation product suite (subscriptions, invoicing, reporting) is serving hundreds of thousands of businesses and growing exponentially My thoughts: ✅ Stripe is Enterprise ready ✅ Stripe is the present and the future of payments and money movement What’s your best next step? #StripeEnterprise #payments #moneymovement #globaleconomy

A few highlights from our annual letter 👇 🌍 Businesses on Stripe processed $1trn last year, ~ 1% of global GDP. 📈 We're cash flow positive this year, and expect to be in 2024, which allows us to invest for the long term. 🚀 Startups on Stripe are laser focussed on profitable growth: they are monetising / hitting $1m in revenue 60% faster than before. 🤖 Twice as many AI companies went live on Stripe compared to 2022, and aggregate revenue from AI companies grew nearly 250%. 🏭 More than 100 companies processed more than $1bn on Stripe last year. These large established companies come to Stripe to launch new models that help them get closer to customers, and eliminate tech debt. 💳 We continue to obsess over removing barriers to internet commerce, and do things that only make sense at Stripe's scale. We've now added 100 optimisations to our optimised checkout suite, and we went from supporting 50 to 100 payment methods last year. 💻 Beyond payments, our financial automation tools (billing, tax, etc) are now used by hundreds of thousands businesses and we expect to hit $500m ARR next year.

I am excited to share Stripe's 2023 annual letter which covers the many iterative improvements Stripe has recently made—and will continue to make—to help businesses like yours grow. A lot has changed since then—across the global economy, tech, and Stripe. We reflected on the past year and looked forward to what's next. The businesses running on Stripe passed the milestone of $1 trillion in total payment volume in 2023, up 25% from the prior year. Stripe’s mission is to grow the GDP of the internet. This isn’t only our mission—it’s also our product strategy. The core idea behind the company is that we’re still early in the journey of software-driven innovation, and Stripe is an applied exercise in thinking through it. In particular, thanks to the new possibilities afforded by the internet, we believe that putting better—more global, easier to use, more flexible, faster, cheaper—economic infrastructure in the hands of companies and entrepreneurs will lead to a more vibrant and prosperous world.

Wondering what Llamas 🦙, Bufo 🐸, and $1 trillion dollars have in common? At Stripe, it's more than you might think! 🚀 I've received messages about how things are progressing, along with requests for referrals - happy to help where appropriate. Although I'm still new to the team, I thought it'd be great to share our latest annual letter. Having spent nearly a decade at Rocket Fuel and Facebook, I've seen my share of massive data challenges. At Stripe, it's no different and we surpassed an incredible milestone: processing over $1 trillion in payment volume in 2023, roughly 1% of the global GDP. But Stripe's impact goes beyond payments; it's about revolutionizing revenue, finance automation, and more. Did you know that 1 in 6 new Delaware corporations now incorporate with Stripe? That's 50,000 companies on track to collectively earn $5 billion / year. As for the Llamas and Bufo, they're just part of the culture and fun at Stripe.

Stripe just released a 2023 annual letter. I saw a few things that quietly interested me. 1️⃣ They still rely on the Stripe Payment Link and Checkout page. They already utilize the payment link and checkout page with 42 languages, 236 regional address formats, dynamic postal code collection, and localized error messages. I believe it's a big effort to handle use cases closer to their market. 2️⃣ They already enable ++ 100 different payment methods across the globe. I believe this one also makes Stripe still become Payment Gateway's worldwide leader. 3️⃣ Stripe uses half a million CPU cores to execute more than 6 billion test runs each day. Tests ramp up in scope: from simple style checks to unit tests that verify each component in isolation, to integration tests that verify that end-to-end systems work as expected. That's magnificent! 4️⃣ They see the future industry on carbon removal, farming and.... AI! Great job John Collison, Patrick Collison, and all the Stripe team!

Once a year Stripe releases its annual letter. This represents the best opportunity to get a glimpse into how the company is performing, how our users are adopting the technology and what we are working on for the future. A few key takeaways: ⭐ Stripe surpassed the $1 trillion mark in payment volume, up 25% from the previous year, and nearly 1% of the total GDP. ⭐ Stripe was robustly cash flow positive in 2023 and expects to be again in 2024. ⭐ Stripe is growing rapidly beyond payments. Our Revenue and Finance Automation suite's annual revenue run rate is expected to pass $500M in the next year. ⭐ Our enterprise segment continues to grow rapidly, with more than 100 companies now processing more than $1 billion per year with Stripe. Companies including Zara, Hertz, AirBnB & Uber. ⭐ Stripe engineers for reliability. During Black Friday / Cyber Monday 2023 (BFCM), the highest-load part of any year, Stripe maintained uptime in excess of 99.999% while processing more than 300 million transactions. Total BFCM volume was $18.6 billion—our largest four-day period to date—and more than 31,000 businesses had their best day ever on Stripe. Read more about Stripe's annual letter here: https://lnkd.in/eRZUf6HT

It's an immense pleasure to be part of the team driving engineering rigor at Stripe. The systems and processes we have constructed allow new grads to confidently change how money flows for 1% of the world's GDP, reassured by our automation capabilities to detect, prevent, and mitigate user impact. This confidence has impact reaching far outside of Stripe. The reliability of our systems fosters rapid innovation and empowers our customers to concentrate on their core businesses, thereby accelerating growth. For instance: - Slack experienced a conversion uplift of over 3% just by upgrading to Stripe's optimized payment UIs. - The 100-year-old Tokyu Corporation saw a 20% boost in conversion rates when adopting Stripe on TsugiTsugi, a flat-rate accommodation service designed to help hotels and resorts fill vacancies during off-peak periods. - Eventbrite and Alaska Airlines also selected Stripe to implement Tap to Pay on iPhone. Conventionally, Eventbrite hosts didn't own point-of-sale hardware; thanks to our partnership with Eventbrite, they now just need an iPhone to set up a ticket office. The annual letter below delves deeper into how businesses can benefit from Stripe. It also provides a glimpse into the high engineering rigor underpinning and enabling innovation at Stripe.

A few highlights from our annual letter 👇 🌍 Businesses on Stripe processed $1trn last year, ~ 1% of global GDP. 📈 We're cash flow positive this year, and expect to be in 2024, which allows us to invest for the long term. 🚀 Startups on Stripe are laser focused on profitable growth: they are monetizing / hitting $1m in revenue 60% faster than before. 🤖 Twice as many AI companies went live on Stripe compared to 2022, and aggregate revenue from AI companies grew nearly 250%. 🏭 More than 100 companies processed more than $1bn each on Stripe last year. These large, established companies come to Stripe to launch new models that help them get closer to customers, and eliminate tech debt. 💳 We continue to obsess over removing barriers to internet commerce, and do things that only make sense at Stripe's scale. We've now added 100 optimisations to our optimised checkout suite, and we went from supporting 50 to 100 payment methods last year. 💻 Beyond payments, our financial automation tools (billing, tax, etc) are now used by hundreds of thousands businesses and we expect to hit $500m ARR next year.

Favorite thing about working at Stripe: Being continuously intellectually challenged by our leaders. Check out our latest Annual Letter from Patrick and John, packed with goodness about Stripe and our progress (now processing more than $1 trillion in payments volume annually!), but also the latest in robotics and... farming! It's quite the read.