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Stripe (company)

Stripe (company)

Stripe is a financial technology company providing software that allows businesses and individuals to make and receive online payments.

Stripe Inc. is a financial technology services and software company that provides infrastructure for online payments. The company provides a global online payment system for businesses and individuals to send and receive online payments, as well as offers tools and infrastructure for creating online e-commerce platforms, on-demand marketplaces, and crowdfunding platforms. Stripe was founded by John Collison and Patrick Collison in 2010 and is dual-headquartered in San Francisco and Dublin, with fourteen global offices including in London, Paris, Singapore, and Tokyo. Stripe's stated mission is "to increase the GDP of the internet." In 2021, the privately-held company was valued at $95 billion.

Millions of individual users and businesses in over one hundred countries, ranging from startups to large public companies, use Stripe's software to accept online payments, run technically sophisticated digital financial operations, manage their businesses online, grow their revenues, accelerate into new markets, and launch new business models. Users of Stripe include Amazon, Google, Salesforce, Facebook, Kickstarter, Instacart, Lyft, Shopify, OpenTable, Slack, Microsoft, Spotify, Uber, DiDi, Grab, Nasdaq, Zillow, Postmates, Booking.com, Mindbody, National Geographic, Expedia, and Deliveroo.

Stripe offers support for the developer community by actively contributing to open-source projects, patches, development opportunities, and sponsorships.

Stripe has made thirteen acquisitions, including Teapot in 2016, Indie Hackers and Payable in 2017, Index in 2018, Touchtech Payments in 2019, Paystack in 2020, and OpenChannel, Recko, Bouncer, and TaxJar in 2021. Stripe has invested in Burrata, SendOwl, Imprint, Archive, ClearTax, TrueLayer, Wave Mobile Money, Ramp, Balance, Bouncer, Fast, Pico, Pilot, and Stellar Development Foundation. Notable exits of Stripe include Paystack.

Timeline

September 19, 2019
Stripe raises a $250,000,000 series F round from Andreessen Horowitz, General Catalyst and Sequoia Capital.
January 29, 2019
Stripe raises a $100,000,000 series E round from Tiger Global Management.
July 9, 2012
Stripe raises a $20,000,000 series B round from Aaron Levie, Chris Dixon, Elad Gil, Peter Thiel, Redpoint Ventures and Sequoia Capital.
February 9, 2012
Stripe raises a $18,000,000 series A round from Sequoia Capital.
September 30, 2011
Stripe raises a $2,000,000 seed round from Andreessen Horowitz, Elon Musk, Peter Thiel, SV Angel and Sequoia Capital.
2011
Stripe's online payment platform launches.
2010
Stripe is founded by John Collison and Patrick Collison.

Funding Rounds

Products

Patents

Further Resources

Title
Author
Link
Type
Date

Bloomberg - Stripe

Ashlee Vance

Web

How Stripe Became a $10B Challenger to PayPal

August 24, 2018

How To Use Stripe Payment Gateway | Woocommerce Stripe Setup 2018 +NEW

March 16, 2018

The untold story of Stripe, the secretive $20bn startup driving Apple, Amazon and Facebook

Stephen Armstrong

Web

News

Title
Author
Date
Publisher
Description
Josh Scott
October 4, 2021
BetaKit
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe.
Gené Teare
September 30, 2021
Crunchbase News
In 2021, the pace of new unicorns has increased considerably, close to 1,000 current private unicorns on the Crunchbase Private Unicorn Board for the first time.
Charles Mandel
September 28, 2021
BetaKit
Stripe is opening its first Canadian office in Toronto. The San Francisco-based FinTech company also announced the launch of several new products in Canada.
Mary Ann Azevedo
September 21, 2021
TechCrunch
Pipe, a two-year-old startup that aims to be the "Nasdaq for revenue," announced today it has snagged former Stripe EIC Sid Orlando and HubSpot's ex-Chief Strategy Officer Brad Coffey to serve on its executive team. The Miami-based fintech also revealed today its first expansion outside of the United States with its entry into the U.K. [...]
Charles Mandel
September 9, 2021
BetaKit
Two unicorns, Shopify and Israeli ecommerce marketing startup Yotpo, have signed a multi-year partnership, with Shopify also making an investment.
SHOW MORE

References

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