Adyen just bought Orb [0], a usage-based billing company, for $335M, specifically so they could position themselves as the payments choice for AI companies.
replyStripe would lock in volume but how exactly are they monetizing that? Any margin the get from OpenRouter is money extracted from OpenRouter’s revenue (which is now theirs.)
reply7 billion one off for 100 billion annually? If I am understanding that correctly it feels like a no brainer to me…
replyAlso if you think about it differently… OpenRouter is adjacent to what Stripe is but for getting access to AI models. If they dont mess this up they could invest in openerouter and grow that 100b pie.
$100b is payment volume, not revenue. Stripe gross revenue from those payments would be on the order of tenths of a percent of that.
replyPlus the platform fee that OpenRouter makes? 5 billion a year?
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replyI think volume is itself good and help Stripe negotiate lower rate with banks etc.
replyOpenAI is a large company, and large companies go multi processor for payments. I would check the press release carefully, and see if you can confirm that Adyen is taking all of OpenAI's volume, or even a majority of it.
reply> Two customer doing ~5% of your total volume who didn’t even exist a few years ago, must be kind of scary for Stripe.
replyShopify uses Stripe no? Probably good volume discount though.
>OpenRouter represent ~$100B in payment volume, whereas Stripe in total doing ~$2T.
replyThat is a much higher % than i expected.
Adyen*
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