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Stripe sees growth slowing this year after pandemic e-commerce boon

April 12, 2022

While the payments super-unicorn Stripe expects growth this year, it won’t be as strong as last year when the company benefited from an e-commerce surge spurred by the COVID-19 pandemic, according to an annual letter from its cofounders, Patrick and John Collison.

In an April 8 annual letter to their “community,” the Collisons said Stripe collectively processed more than $640 billion in payments last year for a year-over-year increase of 60%. The letter further explains that “since a lot of this came from one-time behavioral adjustments caused by the pandemic, 2022 won’t match the same level of growth.”

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