Adyen: $29.408B right now at Yahoo Finance.
PayPal: $41.51B right now.
Unfortunately you need to be an accredited investor to access these markets.
This is the real gatekeeping here as rich pop stars, actors, sports stars and musicians who aren't versed in tech has more access to investing in these private companies than the academics, students in europe creating the algorithms that power them.
An 11 year old can inherit $100 million and be more "accredited" than you, even though they (may) have no knowledge of the industry, no investing experience and no years of industry experience.
Even if you have knowledge in the tech scene and you know which companies are going to go big in the future, unless you're ultra rich already to qualify as accredited, you're shut out early on.
But how is it 5x bigger than Adyen, which had 2.3B revenue and 1B earnings in 2025?
Today I find it does way too much for small projects and the fees are too high. Does anyone knows of good alternatives for that? (Someone recently shared https://astrafi.com/ with me and it seemed promising, with much better fees, but I haven't tested or used anything other than Stripe)
Honestly, I wouldn't touch Stripe with a ten foot poll at this valuation. Fintech is an industry that just disappoints in the end.
I think we hackers in general also need to have a value assigned. Even open source authors generate real value but right now I see an imbalance as to who makes money and who does not. I'd even almost go as far as say that taxes (a state gathers) should go to a certain percentage value back to the open source community. There are a lot of details missing here, of course, but from a core view this only seems fair.
I'l also never forget Bill Gates anti-open source letter. That should instantly yield a 99.999% extra tax on him.
however as a comparison -- how much JP Morgan payments would be valued if a separate entity ?
I also don't understand the fear around SaaS recently... People believe some weird narrative about AI replacing SaaS apps... Oh boy, people actually think that building the thing is the hard part. The entire software industry is pure crony-play; the people who run the big corporations own shares of their SaaS providers so they have no incentive to cut those contracts. Same with payment processors. I can't believe people still think we have a free market.
You can point to any company that's successful and there will be conflicts of interest all over the place. It doesn't even matter what the company does TBH. It's irrelevant.
People are just competing on who can make the money move around in circles within their group the fastest. Money certainly seems a lot more abundant when it passes through many hands and people are just buying stuff from each other.
Disgusting rip-off of consumers, yes, but even worse is the rip-off of merchants.