Stripe just pulled off a massive growth spurt, and the payments giants should be paying attention. According to JPMorgan analyst Tien-tsin Huang, the private fintech powerhouse processed a staggering $1.4 trillion in volume last year, a 38% year-over-year jump that left competitors in the dust.
For context, Huang highlights that Stripe’s incremental volume growth alone – $400 billion – was more than a quarter of Visa Inc.’s (NYSE:V) and Mastercard Inc.’s (NYSE:MA) combined growth and nearly twice the annual gross payment volume (GPV) of Block Inc. (NYSE:XYZ), Shopify Inc. (NYSE:SHOP) and Toast Inc. (NYSE:TOST) combined.
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