This is the best summary I could come up with:

Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone.

That might sound like a lot of noise, but in truth, most of the list of new items is actually on the incremental side — updates and new features to bigger products already announced.

“This year, because of our scale, Stripe is well positioned to help our users deal with the increasingly complex payments landscape and put AI to work to drive growth.

Stripe removing its requirement to use its payments API addresses a major piece of friction for customers and would-be customers who might have wanted to use some of the company’s other tools — which include the likes of fraud, risk and verification services, billing and invoicing, in-person payments, financial account data, and more — but did not want to be all in on Stripe’s larger platform.

In an interview, Will Gaybrick, Stripe’s president of product and business, admitted that users had been asking the company to open up its walled garden for some time, but he claimed that one of the main reasons why it delayed doing so until now was due to it being technically hard to create integrations for legacy services.

Gaybrick told TechCrunch that Lightspeed, the point-of-sale company, makes 50% of its revenues now from embedded finance products, so it’s an important area for Stripe to keep developing.

The original article contains 1,154 words, the summary contains 251 words. Saved 78%. I’m a bot and I’m open source!