Stripe comes under pressure as investor sentiment takes a hit

John and Patrick Collison the co-founders of Stripe, which slashed its internal value of its shares, according to people familiar with the matter.

Payments processing giant Stripe is the latest fintech to come under pressure this year as investor sentiment takes a hit from fears of a looming recession and a chill in the equity markets.

The company, founded by Limerick brothers John and Patrick Collison, slashed its internal value of its shares, according to people familiar with the matter.