The Efficiency of Stripe, Paystack Parent
Quote from Ndubuisi Ekekwe on March 21, 2021, 8:03 PM
Stripe efficiency which has gotten it to become a $93 billion company is summarized thus, via a newsletter: "One of Stripe’s key competitive advantages is doing more with less. It has about 3,000 staff, 1/3 less than Facebook had in 2012 when it IPO'd at a similar valuation. The company has remained capital-efficient, even as it expanded to more than 40 countries raising $2.4bn to date, compared with Uber’s $14bn before its IPO in 2019." Stripe bought Nigeria's Paystack for $200 million recently.

Stripe efficiency which has gotten it to become a $93 billion company is summarized thus, via a newsletter: "One of Stripe’s key competitive advantages is doing more with less. It has about 3,000 staff, 1/3 less than Facebook had in 2012 when it IPO'd at a similar valuation. The company has remained capital-efficient, even as it expanded to more than 40 countries raising $2.4bn to date, compared with Uber’s $14bn before its IPO in 2019." Stripe bought Nigeria's Paystack for $200 million recently.
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