Own a piece of Stripe
while it is still private.

A pre-IPO allocation of Stripe shares. The shares sit in a series of the Binaryx Private Equity Fund Series LLC. A DAO LLC invests in that series, and your tokens make you a shareholder of the DAO LLC with rights to this deal’s proceeds. You invest from $250, at $80.64 a share. That is the entry valuation for this round: a $190.8B entry valuation. You see money only when the position is sold, usually on the Binaryx P2P market. Any sale may be subject to rights of first refusal and transfer restrictions.

Non-US investors only. This allocation is offered under Regulation S, so US persons cannot take part, and neither can residents of Russia or OFAC-sanctioned jurisdictions. You do not need to be an accredited investor, and we check eligibility at onboarding with an investor questionnaire and KYC.

Up to 5% once at entry, and up to 20% of your profit at exit. The success fee is charged on gains only, never on your principal. The calculator above breaks it down.

Allocation is limited. This round has a fixed amount of Stripe shares, filled in the order orders arrive: first invest, first allocated. Anything we cannot allocate goes back to your Binaryx balance, so you are never charged for shares you do not receive.

The $80.64 / share price is indicative. It is the entry price for this round, not a valuation of Stripe. The final price is set when the deal closes and may be higher. If it lands more than 10% higher, we refund you. Within that band you could pay up to $88.70 per share before the entry fee.

We set it. It is not a market price and not a valuation of Stripe. $80.64 a share is the price for this round, and implies a $190.8B entry valuation. Indicative secondary quotes on 18 August 2026 were roughly $71.50–$71.67 a share, below the price for this round. With the 5% entry fee your all-in cost is about $84.88, roughly 13% above those quotes. Stripe's private mark has to rise materially before you are back to level.

Treat it as a long-term investment in a private company, money you can set aside for years. Your tokens can be traded on the Binaryx P2P market once the round closes, but only if someone will buy at a price you accept. Stripe being large does not make this safe. Your all-in cost of about $84.88 a share is above the current indicative secondary quotes of roughly $71.50–$71.67, there is no listing on the horizon, and you can lose part or all of your money.

More flexible than a typical private investment, and still illiquid. Once the round closes you can sell your tokens to another investor on the Binaryx P2P market. How fast, and at what price, depends entirely on demand. The market is young, there may be no bid at all, and you may only be able to sell below what you paid.

Buying shares in a late-stage private company before it lists on a public exchange. No exchange sets the price, so buyer and seller agree it privately, and you make money only if the private valuation rises before you sell. The price for this round is one we set, not one a market sets.

A public stock trades on an exchange and can be sold any day at a visible price. A pre-IPO share is private: no exchange, no daily price, nobody obliged to buy it from you. Expect to hold for years, and Stripe has announced no listing. On Binaryx you can still trade peer-to-peer when there is a buyer.

Right of First Refusal. When a private share is sold, the company or its shareholders may get a window, often around 30 days, to buy it first at the agreed price. If they use it, the trade does not complete and your funds come back.

No. Stripe pays no dividend, and this structure makes no interim payouts. Your return, if there is one, comes only from a change in valuation when the position is sold. Nothing is paid to you while you hold.

You keep your stake, and liquidity has to come from elsewhere: the Binaryx P2P market, or a later private sale. Stripe’s only liquidity events have been company-run employee tenders, and Stripe controls their timing, price and eligibility. Holders here are not eligible. An exit is never guaranteed. Hold this only on the assumption that it stays illiquid indefinitely.

Then your return is lower than any modelled scenario, or negative. It has happened before. Stripe fell from $95B in March 2021 to $50B in March 2023, a 47% down round. Checkout.com, its closest private peer, cut its own mark from $40B to $12B in September 2025 while still profitable and growing net revenue above 30%. Private marks here reset downward sharply, with no transaction forcing them to. A pre-IPO position can lose all of its value. Commit only money you can afford to lose.

No, and nothing on this page assumes it will. There is no registration statement, no underwriters, no price range and no date. At Davos in January 2026, cofounder and president John Collison said the company is still not in any rush. He has called an IPO a solution in search of a problem, and not among Stripe’s top five, ten or twenty priorities. Anyone selling Stripe exposure on the promise of an imminent listing is inventing it. Invest on the assumption that no listing happens.

Stripe wins customers when they are created, not by displacing an incumbent: 25% of all new Delaware corporations are formed through Stripe Atlas, formations up 41% year over year. More new companies joined in 2025 than ever, 57% outside the US, the cohort growing roughly 50% faster than 2024’s. Stripe then earns a fraction of a percent on every dollar they process: $1.9 trillion in 2025, up 34%, against a payments pool growing about 4% a year. The engine works only while the cohort compounds and Stripe keeps its pricing.

Because the gap against the closest listed competitor is wide and visible. Stripe keeps roughly 0.36% of every dollar it processes, against 0.170% for Adyen, a 2.1x difference. Stripe publishes no revenue, so our figure comes from unaudited estimates. Third-party analysis puts the switching break-even at roughly $750K–$1.2M of monthly card volume. Above that, a large merchant saves real money by moving. Adyen closed the Orb and Talon.One acquisitions on 1 July 2026, moving onto Stripe’s software turf. The bigger a customer grows, the stronger its reason to leave.

Adyen, the closest listed pure-play, trades at roughly 14.1x FY2025 net revenue on a 53% EBITDA margin, down 23.19% year to date. PayPal is at about 1.5x revenue, down 21.8% year over year. Block is at about 1.9x. Fiserv is down 62.99% year over year. Global Payments trades below the $24.25B it paid for Worldpay in January 2026. Our $190.8B entry implies roughly 28x an unaudited third-party 2025 revenue estimate of about $6.8bn. The $159B tender implies roughly 23x. Stripe discloses no revenue, so that denominator is an estimate. You are paying well above every listed comparable while their valuations fall: Stripe’s private mark rose 74% in twelve months as every comparable dropped.

No. There is no group income statement, balance sheet or cash-flow statement. The only audited accounts in Stripe’s structure belong to its Irish EMEA and APAC holding entity and a Brazilian payments subsidiary, both regional, not the group. Stripe says it remained robustly profitable in 2025, but that is a company statement, not an audited figure. Every revenue, margin, take rate and multiple quoted for Stripe, here included, is an unaudited third-party estimate. You are buying a company whose accounts you cannot read.

Because Stripe does not disclose one, and nobody outside can work it out reliably. Depending on which past transactions you anchor to, the fully diluted count lands between roughly 2.36 billion and 2.80 billion shares. That puts the price implied by the $159B tender between about $57 and $67. Venues quoting near-identical per-share prices publish implied valuations around 14% apart, which shows they are guessing. Treat every per-share number here, ours included, as approximate.

From one scenario in our financial model, not a forecast. It steps the mark to roughly $247B around 2028 and $320B in 2029, around 1.68x the entry, anchored on how comparable companies actually priced at listing to listed payments companies. At a peer multiple the outcome is closer to our conservative case. On $10,000, a $500 entry fee leaves $9,500 invested, the position reaches $15,933, the success fee is $1,187 and you net $14,746, or 1.47x. The exit year is our assumption, not a company plan. At a peer multiple, or a flat valuation, the same model returns less than you put in.

Stripe’s board and its founders. The company is private, files no ownership disclosures, and we will not claim who holds voting control without a primary source. Leadership has moved recently. Patrick Collison joined Meta Platforms’ board on 15 April 2025. Rahul Patil became chief technology officer on 27 August 2024, replacing a founder-era leader. Tyler Bryson became chief revenue officer on 22 June 2026, after about a year at the company. As a holder you have no vote, no information rights, and no influence over any liquidity event.

Stripe and Advent International bid $60.50 per PayPal share, about $53B, in July 2026, backed by roughly $50B of committed bank financing. PayPal’s board called it inadequate and has pushed toward about $70 a share. Talks were reported ongoing in mid-August 2026, with no agreement guaranteed. A deal that size would draw competition review in the US and Europe, and would load debt onto a company that has never carried any. No deal leaves a long, distracting process with nothing to show.

Expect some. Stripe issues equity to employees continuously and has raised repeatedly. The last priced primary round was March 2023, at $50B. Your share count is fixed at purchase, the total outstanding is not, and Stripe does not publish it. The dilution cannot be measured from outside.