Windsor Drake
Transaction · Capital Markets Tech · 2026

Stripe / OpenRouter 2026

Stripe acquired OpenRouter for $7.5B on August 19, 2026.

Target
OpenRouter
Acquirer
Stripe
Deal value
$7.5B
Announced
August 19, 2026
Sub-sector
Capital Markets Tech

Transaction overview

  • Stripe announced the acquisition of OpenRouter on August 19, 2026 for $7.5B.

Strategic rationale

Stripe expands into AI model marketplace to help businesses optimize token costs and route AI requests efficiently across multiple models.

Deal terms & multiples

Deal value
$7.5B
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
August 19, 2026
Acquirer
Stripe (Strategic)
Sub-sector
Capital Markets Tech

Sources

  • cnbc.com /2026/08/19/stripe-openrouter-fintech-ai-model-marketplace-.html

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Recko Transaction Stripe Treasury / Cash Management October 21, 2021