Fintech Insider Podcast by 11:FS
835. News: Griffin get fully licensed, Tide go to Germany and can open finance unlock £30bn?
Mar 18, 2024
Discussion on Griffin's $24m raise and fully licensed status, CFIT's Open Finance report projecting a £30.5 billion boost to UK GDP, Tide's expansion into Germany, PPRO's €85M raise, and Stripe hitting $1 trillion in payment volume. Insights on surge pricing in UK restaurants and the potential impact on customer behavior.
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Quick takeaways
- Stripe exceeded $1 trillion in payment volume due to enterprise adoption and surge pricing may be adopted by UK restaurants following US success.
- PPRO secures €85 million to expand in key markets and improve global network of local payment methods.
Deep dives
Stripe surpasses $1 trillion in total payment volume amid 2023
Stripe reveals that it surpassed $1 trillion in total payment volume in 2023, experiencing a 25% increase from the previous year. The company's success is attributed to its enterprise business and fast-growing startups adopting its products and billing and tax services.
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