Stripe processed US$1.4 trillion in payments in 2024, marking a 38% increase from the previous year and equating to approximately 1.3% of global GDP, the company announced in its annual letter.
The financial infrastructure giant, which serves businesses worldwide, attributed its growth to long-term investments in machine learning and artificial intelligence. In their letter, Stripe cofounders Patrick and John Collison highlighted the impact of AI in driving revenue for existing customers and attracting new businesses to the platform.
“Stripe’s growth to date is evidence of the intense market demand for programmable financial services,” they wrote, adding that the transformation in financial technology is still in its early stages.
Asia Pacific’s Role in Stripe’s Expansion
Asia Pacific, which accounts for 40% of global GDP, is set to be a key driver of Stripe’s growth, bolstered by rising cross-border commerce. Paul Harapin, Stripe’s Asia Pacific Chief Revenue Officer, noted that the region is leading the acceleration in digital payments.
“As a key nexus in global commerce, Asia Pacific will drive the global acceleration in money movement in 2025, thanks to new technology, transformative business models, and cutting-edge digital payments being built here,” Harapin said.
In 2023, cross-border payment volumes in Asia on Stripe grew by more than 30%, while Asian businesses processing over US$1 million in payments on the platform increased by 28% year-on-year. Stripe also reported that businesses using its platform are growing seven times faster than companies in the S&P 500.
AI-Powered Payment Solutions Fuel Revenue Growth
With half of the Fortune 100 now using Stripe, the company continues to attract major businesses in the region, including Nvidia, NewsCorp Australia, and Toyota, as they adopt AI-driven financial services.
Stripe’s machine learning capabilities are delivering strong results for businesses. Singapore-based ride-hailing company TADA, for example, saw a 2.8% increase in authorisation rates after adopting Stripe Adaptive Acceptance. Meanwhile, Forbes reported a 23% boost in revenue with Stripe managing its subscription payments, and car-sharing marketplace Turo captured an additional US$114 million in annual revenue through Stripe’s Optimized Checkout Suite.
AI Startups Scale Faster with Stripe
Stripe is positioning itself as the financial backbone of the AI era. According to the company, 78% of the startups listed in Forbes’ AI 50 rankings are building their businesses on its platform. AI startups using Stripe are growing at unprecedented speeds, with companies like Cursor reaching over US$100 million in recurring revenue in just three years and Bolt hitting US$20 million ARR within two months.
Asia Pacific’s AI ecosystem is also expanding rapidly. Indian-based InVideo, an AI-powered video creation platform with over 40 million users, leveraged Stripe’s payment solutions to generate an additional US$1 million in revenue. The company also saved over US$1 million in fraudulent transactions through Stripe’s AI-driven fraud prevention tools.
Expanding AI-Powered Cross-Border Commerce
Stripe continues to enhance global commerce with AI. In 2024, it introduced Adaptive Pricing, a feature that localises pricing across 150 markets, including Singapore and Malaysia. Businesses using the feature saw an average 17.8% increase in cross-border revenue and an 8% rise in conversion rates.
Additionally, Stripe is optimising its platform for AI-driven commerce. More than 700 AI agent startups launched on Stripe last year, with tools for AI developers being downloaded thousands of times weekly by companies such as ElevenLabs and Perplexity.
Stablecoins and the Future of Digital Payments
With stablecoins becoming increasingly integrated into global transactions, Stripe has positioned itself at the forefront of this emerging trend. The company’s acquisition of Bridge, a stablecoin orchestration platform, is already facilitating transactions for major organisations, including SpaceX and the US Government.
Stripe’s cofounders view stablecoins as part of the ongoing evolution of money. “Stablecoins are a new branch of the money tree,” they wrote, likening their impact to past financial transitions such as the move from gold-backed currencies to fiat money.
In a separate announcement, Stripe confirmed that it has signed agreements with investors to provide liquidity to current and former employees through a tender offer, valuing the company at US$91.5 billion (€87.3 billion). Stripe will also repurchase shares as part of the deal.
Looking Ahead
As AI-driven financial services continue to reshape the global economy, Stripe is doubling down on its investments in automation, digital payments, and cross-border commerce. With Asia Pacific leading the charge, the company anticipates sustained growth in 2025 and beyond.
