Stripe’s $95bn valuation is vast. Some may see it as a sign the fintech bubble is about to burst. They would be wrong to do so.
It is extraordinary that the San Francisco online payment processing company has added $60bn to its value in a year. Stripe has done so as a private business, which means the wider world knows little about its finances.
But its product is widely used and well-regarded. Moreover, less than a fifth of the world’s purchases take place online. The potential for future sales is vast.
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