Stripe Burned Through More Than $500 Million in Cash Last Year

Stripe burned through more than $500 million of cash last year as its revenue growth rate fell sharply, people familiar with the matter said.

The previously undisclosed figures paint a clearer picture about how quickly the payments giant lost steam after a pandemic-fueled growth frenzy. Stripe’s net revenue growth slowed to about 18% in 2022, from roughly 85% in 2021. Net revenue last year was just over $2.8 billion, the people said.