"Stripe Surpasses $1 Trillion in Total Payment Volume for 2023"

Fintech giant Stripe announced that it surpassed $1 trillion in total payment volume in 2023, marking a 25% increase from the previous year. The company attributed its growth to its enterprise business, fast-growing startups adopting its products, and billing and tax services. Despite a valuation of $65 billion, lower than its peak of $95 billion in 2021, Stripe remains focused on shareholder liquidity and highlighted that startups founded in 2022 are generating revenue at a faster pace, particularly in the artificial intelligence sector.