Metaverse VP Sharma to Head Stripe’s Revenue and Financial Management - PYMNTS.com

A vice president of Meta’s virtual world (VR) societal level Horizon Worlds is present implicit astatine Stripe moving with a caller merchandise team.

Vivek Sharma started arsenic Stripe’s caller caput of gross and fiscal absorption this week and is collaborating with a caller squad processing products aimed astatine helping businesses manage, way and analyse their revenue, according to his LinkedIn post connected Friday (Oct. 14).

“There’s been immense creativity successful online concern models implicit the past decade. Retailers are becoming marketplaces and platforms, marketplaces are becoming retailers, fintech and the creator system are everywhere,” Sharma said.

“But fiscal systems haven’t kept up. Businesses are inactive constrained by the basics: however bash we measure our users and/or enactment caller billing models? How bash we way each of these fiscal assets and obligations sloshing astir successful the cloud? And however bash we bash this compliantly successful markets astir the world?”

See also: Meta’s VP of Horizon Vivek Sharma Steps Down

Sharma stepped down successful August, replaced by Vishal Shah, PYMNTS reported astatine the time. Sharma was portion of a squad processing the virtual acquisition wrong the metaverse accessible by users done Meta’s VR devices.

His exit followed disapproval implicit the graphics prime of Horizon Worlds aft CEO Mark Zuckerberg released an in-world avatar of himself that had nary legs and was called dated successful its quality and wide quality. 

Read more: Meta Metaverse Weekly: In Horizon Worlds, Emperor Has No Legs

At Stripe, Sharma moves distant from the problems of the metaverse and alternatively takes connected gross and fiscal absorption for businesses successful the regular universe.  

“We’re helping businesses gain much wealth successful much ways — captious successful the existent slowdown — and marque accounting, taxation and analytics a ton easier truthful they tin negociate that gross for a batch little effort,” Sharma said.

“Stripe powers millions of businesses. ... Getting this close could beryllium a large operator of economical accidental for businesses astir the world,” helium added.