the valuable part is with a caveat though. Klarna and Figma were very valuable. i find these comparisons a little pointless (private vs public company). they process similar volumes, but one is in hyper growth mode (imagine quality of it) while the other has been scaling down growth and focusing on profitable growth. Has spooked investors but I understand that Adyen are pretty focused and they are scaling nicely their capital offering. But Stripe has good focus on stablecoins, more product focused and aggressive (as all US firms are). Both have like single % of the global payment market, and if you have issues with Adyen look at others in the market - nexi, paypal, etc. I believe both stripe and adyem will grow market share at expense of others over next decade. Plenty of growth for both, and Adyen has a unified platform solution which is smth stripe doesnt. So all have advantages, and the gap in valuation isnt' something id read too much about.
Besides, if AI replaces all white collar jobs, and crashes high spending consumer economy, all payment vols will go down.
Not all revenue is equal. Payments is interesting because the processor’s growth is directly tied to the growth of its customers. Stripe captures the vast majority of high growth SF startups. Stripe has better customers.
The account is strange, two years old account with barely any comment for two years then a lot of comments in the last 3 days. The 3 first comments of the account capitalise the first letter, everything is lowercase in the last 3 days. He never replies to comments under his own comment. Sadly, a comment of someone who was telling it was a bot account has been flagged ...
But how is it 5x bigger than Adyen, which had 2.3B revenue and 1B earnings in 2025?