The pandemic threatened to clobber Stripe Inc. Instead, it turbocharged the company.
Stripe processes payments for e-commerce companies, keeping a tiny cut of each purchase as a fee for its services. When stay-at-home orders early in the pandemic caused spending to plunge and refund requests to skyrocket, the outlook wasn’t great.
Then everything moved online. More than 500,000 doctors’ offices, farmers markets and other businesses migrated to online payments and used Stripe to do it.
As people worked out at home, redecorated or both, Stripe customers such as…
