Payment processing FinTech Stripe has signed agreements with investors to provide liquidity to current and former Stripe employees through a tender offer, valuing the company at $91.5 billion (€87.3 billion).

Alongside investors, Stripe will also repurchase shares, the firm announced on Thursday.

Businesses on Stripe generated $1.4 trillion in total payment volume in 2024, up 38 per cent from the prior year, the firm said in its 2024 annual letter published this week.

Stripe provides businesses with the infrastructure to accept payments online and in person and embed financial services.

In its report, the firm listed significant ongoing collaborations with several organisations, including the University of Oxford, the Church of England, the Gaelic Athletic Association, PepsiCo, Comcast and Nvidia.

“Stripe now serves half of the Fortune 100, 80 per cent of the Forbes Cloud 100, and 78 per cent of the Forbes AI 50,” it added.

The firm said it is witnessing an AI boom as it registers partnerships with many AI companies including OpenAI, Perplexity and Midjourney, with data from Stripe showing these start-ups are building businesses “at record pace.”

It added that more than 700 AI agent start-ups were launched on Stripe last year, a figure that expected to be “substantially eclipsed” by the total in 2025.

The company also said it is currently working on simplifying agent spending with virtual cards, allowing users to approve or reject authorisations programmatically.

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