What: One of the most prominent new-gen fintech and payment solution provider is facing headwinds.

Why it is important: Now that tech is experiencing issues, does this mean that traditional actors from the ‘old world’ (Visa, Mastercard…) will generate a renewed interest? And would that entice them into consolidating their market position?

Stripe, once hailed as a potentially $120bn public company, is experiencing a tough US tech market. Interest rates and ecommerce growth have decreased, lowering Stripe's internal valuation and making it unlikely to provide a much-needed jolt. Stripe is now looking for private funds at a $55bn valuation, and their peers have suffered from a tech market sell-off.

Ecommerce has failed to meet expectations, and Stripe is under pressure from shareholders. Investors are now demanding earlier rewards, and a low IPO count is expected if Stripe does not list.

These events indicate a lasting change in the tech sector, with lower emphasis on growth and higher emphasis on monetisation.

Payment solution Stripe is in trouble