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Stripe’s Unparalleled Growth: Total Payment Volume Soars Past $1T

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Stripe is sufficiently large that when we consider its growth we have to weigh it against the overall growth in the payment space more generally. Major growth pointsIn its annual missive, Stripe noted that it crossed the $1 trillion total payment volume metric in 2023, a figure that is large, and round, if imprecise. Certainly the threshold is notable, but when paired with recent growth figures becomes all the more impressive. Stripe said that in 2023 its payment volume rose 25%. Any company processing that much total payment volume through Stripe could build their own in-house stack, or pursue a more DIY option.

“First Ever: Apple Surpasses Samsung in Global Smartphone Shipments”

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The tech giant accounted for 20% of the global market with 234.6 million shipments last year. Samsung closed the year with 226.6 million shipments, while Xiaomi and Oppo saw 145.9 and 103.1 shipments, respectively. Transsion rounded out the top five with 94.9 million shipments. According to the report, global smartphone shipments declined 3.2% year over year to 1.17 billion units in 2023. “The fourth quarter (4Q23) saw 8.5% year-over-year growth and 326.1 million shipments, higher than the forecast of 7.3% growth.”

Tamara, Saudi Arabia’s Shopping and BNPL Platform, Achieves $1B Valuation in $340M Series C Funding Round

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Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing C round that values the fintech at $1 billion. Both startups, albeit competitors, highlight the surging growth in BNPL usage, particularly in Saudi Arabia, the market that makes up more than 80% of Tamara and Tabby’s customer base. “Saudi Arabia and the GCC deserves its place on the world stage for financial technology. Before launching Tamara, Alsukhan co-founded Nana, a digital grocery shopping platform where he was the chief financial officer for three years. Tamara is also allocating part of the investment to introduce new products and services beyond BNPL and capitalizing on opportunities in shopping and financial services across Saudi Arabia and the GCC.

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