The company told employees via email that its internal share price was about $29, compared to $40 in a previous internal estimate, the report said.
Stripe declined to comment.
Technology high scores this year came under pressure as investor sentiment was hit by fears of a looming recession and cold stock markets.
Earlier this month Swedish payment firm Klarna Bank AB – once the most valuable startup in Europe – raised funds at a valuation that was more than 80% lower than the $46 billion price it raised last year.
Shares in registered digital payment giants PayPal Holdings Inc and Block Inc have also fallen more than 60% this year.
Discover stories that interest you