The news:Stripe’s total payment volume (TPV) jumped up 38% YoY in 2024, totaling $1.4 trillion, per its annual letter.
Stripe also achieved profitability in 2024. In 2023, it was cash flow positive.
The AI effect:
Stripe attributed much of its growth to building machine learning and AI into its products. For example, the company integrated AI into its Optimized Checkout Suite in April to customize which payment methods appear for each customer.