Stripe

By December 2025, Frontier, the advance market commitment co-founded by Stripe with Alphabet, Shopify, Meta, and McKinsey, surpassed $713 million in offtake agreements covering 1.89 million tons of contracted CO2 removals across 52 carbon removal projects. In 2024 alone, Frontier signed a record $279M in offtakes (up from $166M in 2023). Major 2025 deals included $41M for Reverion biogas technology and $44.2M for NULIFE GreenTech biowaste carbon removal.

As of November 2024, approximately 40% of Stripe's 7,000 employees work remotely, up from 20% before the pandemic. CEO Patrick Collison publicly stated he is a strong believer in remote opportunities, calling it a significant efficiency gain. This stands in contrast to many tech companies that have mandated return-to-office. However, in October 2023, Stripe was also pushing Dublin employees to return to office, and co-founder John Collison acknowledged a more pro-office shift post-COVID.

Stripe cut 300 employees from product, engineering, and operations on a US national holiday. Some received a PDF image of a duck and incorrect termination dates due to the layoff being sent early by mistake. Reports indicate employees on older pay bands were targeted regardless of performance. Average engineer pay fell ~14% over two years.

Stripe invested in diversity, equity, and inclusion through a dedicated organizational infrastructure led by Valerie Williams as global head of diversity and inclusion. The company supports nine employee resource groups (Stripe Communities), actively recruits for DEI program management roles, and partners with recruiting teams to expand pipeline diversity. As of late 2024, Stripe's Glassdoor DEI rating stood at 3.7/5 based on 806 employee reviews, equal to the IT sector average.

CEO Patrick Collison announced layoffs affecting approximately 1,120 employees, stating 'We were much too optimistic about the internet economy's near-term growth in 2022 and 2023.' Offered 14 weeks severance minimum, with more for longer tenure.

During the November 2022 layoff of 14% of its workforce (approximately 1,120 employees), Stripe provided a comprehensive severance package that was widely praised as a model for responsible layoffs. The package included 14 weeks minimum severance (more for longer tenure), 2022 annual bonuses, payment for unused PTO, six months of healthcare premiums, accelerated RSU vesting, career support to connect departing employees with other companies, and immigration support for visa holders.

Stripe co-founded Frontier, an advance market commitment to purchase over $1 billion in permanent carbon removal by 2030. More than 15,000 companies across 40 countries have joined Stripe Climate. By 2021, commitments reached $15 million with purchases from multiple carbon removal startups.

Multiple class action lawsuits were filed against Stripe alleging its JavaScript library (Stripe.js) collects user data beyond fraud prevention, including browsing behavior across websites. A 2021 California federal court ruled privacy claims could proceed, finding plaintiffs had not consented to data dissemination to third parties. A 2024 lawsuit against Crumbl Cookies alleged Stripe's tracking codes persist on browsers after purchases, enabling cross-device identification. Stripe maintains data collection is for fraud prevention.

Following the January 6, 2021 Capitol riot, Stripe suspended payment processing for Trump's campaign, citing that the campaign 'encouraged violence.' This made Stripe one of the few payment processors to take action against Trump's campaign.

Following the January 6, 2021 Capitol riot, Stripe suspended payment processing services for Parler, a social media platform that had been used to coordinate the attack. Multiple technology providers including AWS and Okta also suspended Parler's services, effectively shutting down the platform. This was part of broader tech industry action against platforms seen as facilitating the insurrection.

In October 2020, Stripe acquired Paystack, a Nigerian payment processing company, in a deal reportedly worth over $200 million. Paystack had 60,000 users and gave Stripe infrastructure across five African countries (Ghana, Kenya, Nigeria, South Africa, and Côte d'Ivoire). The acquisition was aimed at enabling African businesses to access global payment infrastructure, supporting the continent's growing technology ecosystem.

In September 2020, Stripe settled with the Massachusetts Attorney General for $120,000 over allegations that its risk monitoring and fraud prevention practices were inadequate, enabling the fraudulent PlexCoin ICO. Between August and September 2017, PlexCorps held six Stripe accounts used to obtain millions of dollars. The AG alleged Stripe knew or should have known of the fraud in time to prevent harm to 22 Massachusetts investors. Stripe terminated the accounts in September 2017 and subsequently bolstered its protections.

In 2020, Stripe scaled up and formalized its open source sponsorship program, funding 11 different projects on an ongoing basis via GitHub Sponsors and Open Collective. The OSPO team identified critical open source dependencies and committed to ongoing financial support for maintainers in 11 countries. Stripe also maintains ~90 public repositories and open-sourced Sorbet, a Ruby type checker used at the core of its codebase.

In October 2018, Stripe suspended payment processing for Gab, a social media platform popular with far-right users, following the Pittsburgh synagogue shooting by a Gab user who had posted antisemitic content on the platform. Stripe had previously frozen Gab's account citing adult content violations. PayPal and hosting provider Joyent also suspended Gab. Advocacy groups had warned Stripe about Gab's role in online hate months earlier.

In 2018, Stripe donated $1 million to California YIMBY, a pro-housing development lobbying organization. CEO Patrick Collison said the donation was made 'because we think broad policy change will make the most meaningful, widespread and long-term difference in the state's housing crisis, by allowing developers to build more housing – specifically lower-cost, higher-density housing.'

Launched in 2016, Stripe Atlas allows entrepreneurs worldwide to incorporate a U.S. business entity with a bank account and payment processing. By 2021, Atlas had helped launch over 20,000 businesses across 162 countries, generating $3 billion in revenue and projected to create 219,000 jobs. The program specifically targets founders in markets without strong banking infrastructure, reducing incorporation from months to days at a fraction of previous costs.