Stripe reports rise in transactions but a 'significant deceleration' in growth

Patrick and John Collison, co-founders of Stripe.

Transactions at Irish-founded payment giant Stripe jumped by 26% last year but the company admits growth has slowed compared to previous years.

In its 2022 annual letter, Patrick and John Collision — the company’s Irish founders — said while the transactions did grow it still represents a “significant deceleration” compared to the growth reported in previous years. In 2021, transactions grew 60% to €585bn compared to the year prior.