Stripe just opened a door.Most investors don't know it exists.
By Jose Ruiz · · 2 min read
This week's deal
Stripe just opened a door.
Most investors don't know it exists.
Hey — it’s Alberto. Happy Friday.
The biggest private fintech on earth — one that processed $1.9 trillion in payments last year — is still not public. And this week, our partners at Republic launched an SPV letting accredited investors get in before it is.
Three things to know. Then the full memo below for Premium members. ☕
The intelThe IPO window just reopened — smart money is already moving
Klarna filed. Circle filed. The public markets are thawing after two years of silence. When IPO sentiment shifts, secondary valuations on late-stage private companies jump fast.
The investors who win aren’t the ones who buy on IPO day. They’re the ones who got in six months before the headline.
Stripe valuation trajectory
2021$95BMar '23$50BFeb '25$91.5BSep '25$106.7BFeb '26$159B ↑ +74% in 12 monthsThe intelWhat an SPV actually is — and why it changes everything
A Special Purpose Vehicle (SPV) is the vehicle institutional investors use to pool capital and take a single position in a private company. Instead of 500 people on a cap table, the company sees one clean entry.
You get proportional economic exposure. Same structure a16z and Thrive Capital used to build their Stripe positions.
| $1.9T2025 payment volume | +34%YoY growth | +74%Valuation (12mo) |
Total payment volume growth
| $0.82T2022 | $1.0T2023 | $1.42T2024 | $1.9T2025 |
Why deals like this don’t usually reach you
It’s not a knowledge gap. It’s an access gap. The best pre-IPO positions get allocated through fund networks and partner relationships — before they appear on a press release.
“The deal should find you. Not the other way around. That’s the whole point of Founderscrowd.”
This Friday, it did. And it’s Stripe.
⭐ Premium Deal MemoThe full Stripe investment memo is below — for Premium members.
Valuation breakdown · Bull case · Risk flags · Our verdict · How to get in. Minimum ticket $25,000. Accredited investors only.
Upgrade to Premium to unlock every Friday deal directly in your inbox.
Full memo below for Premium members only.
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Made with ☕ by Alberto · Founderscrowd
Disclaimer: This newsletter is for informational purposes only and does not constitute investment advice. Private market investments are speculative and illiquid. Always conduct your own due diligence and consult a licensed financial advisor. Founderscrowd may receive compensation for referring investors to partner platforms. Securities offered through OpenDeal Broker LLC, member FINRA/SIPC.
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