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Stripe de-couples payments from the rest of its stack

Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65

Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about$65 billion and a whopping $1 trillion in total processed payment volume last year alone. In an interview, Will Gaybrick, Stripe’s chief product officer, admitted that users had been asking for company to open up its walled garden for some time, but he claimed that one of the main reasons why it delayed doing so until now was due to it being technically hard to create integrations for legacy services. Gaybrick told TechCrunch that Lightspeed, the point of sale company, makes 50% of its revenues now from embedded finance products, so it’s an important area for Stripe to keep developing.

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