Stripe has evolved from a payments company with add-ons to a multi-product platform focused on financial infrastructure that reduces friction and increases agency for businesses.

1:03stripe. >> Yes. >> So what is stripe today and you know when we originally invested it you know it's a payment processor but now I think the average AI company uses 11 different stripe products and at sessions >> I believe you had 288 distinct >> product launches. So I want to talk about velocity also but just start with just what is the state of stripe today? So internally we think about Stripe as

1:27having you know inverted our value proposition from being a payments company with sort of add-ons to now being this multi-product platform where everything sort of focuses on financial infrastructure helping you grow by reducing the friction and increasing the agency you know to um be more agile with your business model to uh operate in more countries uh and just go faster when it comes to everything that touches

1:55revenue and cash. So you know just practically speaking went from payments to then you know billing subscriptions and invoicing uh connect if you're a platform or marketplace radar for mitigating fraud you know radar now for doing many more things than that tax and just I think we we don't actually count but somewhere in and around 2530 products that are sort of headlining branded products and then of course you

2:22know hundreds and thousands of features below that but again the framework work we think about is really reducing frictions and increasing agency. So a good example last year uh we saw a lot of users for the first time experiencing free trial abuse and this wasn't really an issue pre- AI because >> you know most stripe users are software companies margins burden wasn't there yet. >> Yeah. So they're wasting a little

2:48compute but but it's it's it's it's negligible. It's minimous but now software has a cost structure and so actually I think cursor was the first user that we >> I was going to say it was our portfolio where we exactly experienced it and uh you know I I guess internet users can be crafty but yes >> yes and and I think it was something like one in six users of free trials