Company:Stripe, Inc.

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Short description: Irish-American payment technology company
Stripe, Inc.
TypePrivate
Industry
Founded2009; 15 years ago (2009)
FoundersPatrick and John Collison
Headquarters
South San Francisco, California, U.S. and
Dublin, Ireland
Services
  • Payments
  • Billing
  • Connect
  • Sigma
  • Atlas
  • Radar (fraud prevention)
  • Issuing
  • Terminal
RevenueIncrease US$14.4 billion (2022)[1]
Number of employees
8,000 (2022)[2]
Websitestripe.com
Former headquarters in San Francisco

Stripe, Inc. is an Irish-American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland.[3][4] The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.[5]

History

Irish entrepreneur brothers John and Patrick Collison founded Stripe in Palo Alto, California, in 2009, and serve as the company's president[6] and CEO,[7] respectively. In 2011, the company received a $2 million investment, including contributions from Elon Musk, PayPal founder Peter Thiel, Irish entrepreneur Liam Casey,[8] and venture capital firms Sequoia Capital, Andreessen Horowitz, and SV Angel.[9]

In March 2013, Stripe made its first acquisition, Kickoff, a chat and task-management application.[10]

In 2012, the company moved from Palo Alto to San Francisco.[11] In October 2019, the company announced that it would be moving from the South of Market area to Oyster Point in the neighbouring city of South San Francisco in 2021.[11]

In February 2021, former Governor of the Bank of Canada and former Governor of the Bank of England, Mark Carney, was appointed to the Stripe board.[9]

On October 20, 2021, Stripe acquired accountancy platform Recko; Recko's solution was to be added to Stripe's existing suite of financial tools.[12]

In January 2022, Stripe entered a five-year partnership with Ford Motor Company; through this deal, Stripe will handle transactions for consumer vehicle orders and reservations.[13] That same month, Stripe partnered with Spotify to help creators monetize subscriptions, accept payments and launch recurring revenue streams.[14] In April 2022, Twitter announced that it will partner with Stripe Inc (digital payments' processor) for piloting cryptocurrency payouts for limited users in the platform. “The crypto payments will be routed through Stripe Connect, which will also handle KYC requirements”, Stripe said. The company announced it was also planning to add options for payment in other cryptocurrencies in the future.[15]

In April 2022, Stripe announced its strategic partnership with UK-based FinTech company ION.[16]

The Wall Street Journal reported in July 2022 that the company's internal share price had fallen, causing its implied valuation to drop from $95 billion to $74 billion.[17] In November 2022, the company announced it intended to initiate layoffs, terminating some 14% of their workforce.[18]

Throughout 2022 and 2023, the company announced a number of large enterprise customers including Airbnb,[19] Amazon,[20] Microsoft,[21] Uber,[22] BMW,[23] Maersk,[24] Zara,[25] Lotus,[26] Alaska Airlines,[27] Le Monde,[28] and Toyota.[29] The company also announced in March 2023 that OpenAI is working with Stripe to commercialize its generative AI technology.[30]

Services

Payment processing

Stripe provides application programming interfaces that web developers can use to integrate payment processing into their websites and mobile applications.[31] The company introduced Stripe Connect in 2012, a multiparty payments solution that lets software developers embed payments natively into their products.[32]

In April 2018, the company released antifraud tools, branded "Radar", that block fraudulent transactions.[33]

In 2018, the company expanded its services to include a billing product for online businesses, allowing businesses to manage subscription recurring revenue and invoicing.[34]

On June 11, 2019, Stripe's point-of-sale service, called Terminal, was made available to US users. Terminal had previously been invitation-only.[35] Terminal is currently available in Canada, France, Germany, Ireland, the Netherlands, Singapore, and the United Kingdom. The service offers physical credit-card readers designed to work with Stripe.[36][37]

On September 5, 2019, Stripe launched a merchant cash-advance scheme called Stripe Capital. The scheme allows Stripe merchants to request an advance on future payments they expect to process through their Stripe merchant account.[38]

In June 2021, the company launched Stripe Tax, which lets businesses automatically calculate and collect sales tax, VAT, and GST in over 30 countries and all US states.[39]

In May 2021, Stripe introduced Payment Links, a no-code product allowing businesses to create a link to a checkout page and begin accepting payments on social platforms or direct channels.[40]

In January 2022, Stripe agreed to acquire Terminal manufacturing partner BBPOS, allowing the company to bring the hardware development of Terminal readers in-house.[41] In February, Stripe was announced as Apple's first partner on in-person Tap to Pay, which enables businesses to accept contactless payments using an iPhone and a partner-enabled iOS app.[42]

In May 2022, Stripe announced Data Pipeline, a tool for Stripe users who store data with Amazon Redshift or Snowflake Data Cloud. Data Pipeline syncs Stripe data and reports with Amazon Redshift or Snowflake Data Cloud, where they can be queried in combination with other business information.[43] That month, the company also introduced Stripe Financial Connections, enabling businesses to establish direct connections with their customers’ bank accounts to verify accounts for payments and payouts, check balances to reduce payment failures, and cut fraud by confirming bank account ownership.[44] In September 2023, Stripe announced that its optimized checkout suite allowed businesses to offer their customers more than 100 payment methods.[45]

Corporate finance

On February 24, 2016, the company launched the Atlas platform to help startups register as US corporations. The platform originally launched as invitation-only.[46] In March 2016, Cuba was added to the list of countries covered under the program.[47] Companies registered using Atlas can be Delaware-based C corporations, or, as of April 30, 2018, limited liability companies.[48]

In July 2018, Stripe introduced Stripe Issuing, a product that allows online businesses and platforms to create their own physical and digital credit and debit cards.[49][50]

Other

In 2018, Stripe started a publishing company named Stripe Press to promote ideas that support businesses.[51][52]

In 2019, Stripe began offering loans and credit cards to businesses in the United States. The company stated that loans are approved automatically using machine-learning models, with no human intervention.[53] The following year, the company introduced Stripe Treasury, which provides its platform users APIs to embed financial services, allowing their customers to send, receive, and store funds.[54]

In October 2020, Stripe announced Stripe Climate, a service for businesses to fund atmospheric carbon research and capture.[55] In 2022, Stripe started a new subsidiary called Frontier that would direct spending on carbon removal. It announced $925 million in funding from major silicon valley companies to fund start up companies performing carbon capture to kick-start the industry.[56]

Stripe Identity, launched in June 2021, enables online businesses to verify user identities, and is built on the same infrastructure used for Stripe's own risk and compliance program.[57] In May 2022, Stripe launched Stripe Apps to allow businesses to simplify operations and combine fragmented workflows.[58] Stripe also announced Financial Connections to help businesses connect to their customers’ bank accounts for verifying bank accounts, checking balances, and confirming account ownership.[59]

Growth

In May 2011, Stripe received a $2 million investment from venture capitalists Peter Thiel, Elon Musk, Sequoia Capital, SV Angel, and Andreessen Horowitz.[60] Stripe launched publicly in September 2011 after an extensive private beta.[61]

In 2020 Stripe expanded its services to five new European markets: the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.[62]

On October 15, 2020, Stripe acquired Paystack, a Nigerian payment processor, in a deal reportedly worth over $200 million, with the aim of expanding its services into Africa.[63]

In December 2020, Stripe announced plans to expand in Southeast Asia, China, India, and Japan. It increased its staff in the region by 200 employees.[64]

In March 2021, Stripe raised another $600 million, reaching a valuation of $95 billion, aimed towards expanding their European headquarters.[65]

In April 2021, Stripe acquired TaxJar, a provider of cloud-based tax services based in Massachusetts. Whilst details of the acquisition were not made public, the deal is thought to have been in the region of $200M.[66] In March 2023, Stripe completed its Series I fundraise of more than $6.5bn at a $50bn valuation. The funds raised will be used to provide liquidity to current and former employees and address employee withholding tax obligations related to equity awards. The company has said it does not need this capital to run its business.[67]

Funding history
Date Funding type Number of investors Money raised Lead investor Valuation
Aug 2, 2010 Seed round 1 — Y Combinator —[68]
Mar 28, 2011 Seed round 5 $2M Peter Thiel, Elon Musk, Sequoia Capital, Andreessen Horowitz, SV Angel —
Feb 9, 2012 Series A 1 $18M Sequoia Capital $100M[69]
Jul 9, 2012 Series B 9 $20M General Catalyst —[70]
Jan 22, 2014 Series C 4 $80M Founders Fund $1.75bn
Dec 2, 2014 Series C 7 $70M Thrive Capital $3.5bn
Jul 31, 2015 Series C 7 $100M — —
Nov 25, 2016 Series D 3 $150M CapitalG, General Catalyst $9bn[71]
Sep 27, 2018 Series E 5 $245M Tiger Global Management
Jan 29, 2019 Series F 1 $100M Tiger Global Management $22.5bn[72]
Sep 19, 2019 Series G 3+ $250M Sequoia Capital, General Catalyst and Andreessen Horowitz $35bn
Apr 16, 2020 Series G Extension 3+ $600M Sequoia Capital, General Catalyst, GV and Andreessen Horowitz $36bn[73]
Mar 14, 2021 Series H 3+ $600M Ireland's National Treasury Management Agency, Insurers Allianz SE and AXA SA, and investment managers Baillie Gifford & Co. and Fidelity Investments. $95bn[65]
Mar 15, 2023 Series I 9+ $7B[74] Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital. $50bn[75]

Investments

Stripe is reported to have participated in two funding rounds for Monzo, a "challenger bank" based in the U.K. Stripe's first investment in Monzo was reported on November 6, 2017,[76] with a second investment in Monzo's Series E fundraising round reported on October 10, 2018.[77] Monzo's valuation grew from approximately $350 million[76] to $1.27 billion[77] through these two rounds of fundraising. Stripe participated in a third round of funding for Monzo on June 24, 2019, which raised approximately $144 million in funding for Monzo at a valuation of approximately $2.5 billion.[78][79]

Stripe has invested in companies offering similar services as themselves, but in different geographical regions. In August 2018, Stripe invested in PayStack, a Nigerian payment processor,[80] and, in September 2019, invested in PayMongo, a Philippines payment processor.[81] In February 2021, Stripe invested in Safepay, a Pakistani payment processor.[82]

On June 6, 2019, Stripe led a $22.5 million fundraising round for Step, a financial services startup offering fee-free bank accounts to teenagers.[83]

On March 26, 2020, Stripe led a $20 million Series A fundraising round for Fast, a company creating a universal, one-click checkout service.[84] Subsequently, Stripe led a $102 million Series B fundraising round for Fast on January 26, 2021.[85] Fast shut down in April 2022.[86]

On November 3, 2021, Stripe led a $4 million Series Seed fundraising round for Archive, a social listening and user-generated content platform.[87]

In April 2022, Stripe Inc., Alphabet Inc., Shopify, McKinsey & Company, and Meta Platforms announced Frontier, a $925 million advance market commitment of carbon dioxide removal from companies that are developing the technology over the next 9 years.[88][89]

See also

References

  1. ↑ Weinberg, Cory (26 January 2022). "Stripe's Revenue Growth Slid Last Year as Firm Burned Through Cash". https://www.theinformation.com/articles/stripes-revenue-growth-slid-last-year-as-firm-burned-through-cash. 
  2. ↑ "The Cloud 100 2022". https://www.forbes.com/lists/cloud100/. 
  3. ↑ Burke, Elaine (15 March 2021). "Stripe to add 1,000 jobs in Ireland over next five years". Silicon Republic. https://www.siliconrepublic.com/jobs-news/stripe-jobs-dublin-isif-investment. 
  4. ↑ Surane, Jennifer (14 July 2022). "Stripe Tells Staffers Internal Valuation Dropped More Than 27%". Bloomberg News. https://www.bloomberg.com/news/articles/2022-07-14/stripe-tells-staffers-internal-valuation-dropped-more-than-27. "The South San Francisco-based firm told employees..." 
  5. ↑ Carr, Austin (1 February 2012). "Inside Stripe, The PayPal Competitor Backed By PayPal Founders Peter Thiel, Elon Musk". https://www.fastcompany.com/1813087/inside-stripe-paypal-competitor-backed-paypal-founders-peter-thiel-elon-musk. 
  6. ↑ "Profile John Collison". https://www.forbes.com/profile/john-collison/?sh=7217ea4b44f3. 
  7. ↑ "Profile Patrick Collison". https://www.forbes.com/profile/patrick-collison/?sh=257355162727. 
  8. ↑ "Stripe was smart spot for Irish tycoon Liam Casey". The Times. March 4, 2018. https://www.thetimes.co.uk/article/stripe-was-smart-spot-for-irish-tycoon-liam-casey-xc5tg6zmk. 
  9. ↑ 9.0 9.1 Cogley, Michael; Field, Matthew (23 February 2021). "How two brothers from rural Ireland built a $115bn payments giant". The Daily Telegraph. https://www.telegraph.co.uk/technology/2021/02/23/two-brothers-rural-ireland-built-115bn-payments-giant/. 
  10. ↑ Rao, Leena (11 March 2013). "Payments Company Stripe Makes First Acquisition, Buys Team Task Management And Collaboration App Kickoff". TechCrunch. https://techcrunch.com/2013/03/11/payments-company-stripe-acquires-team-task-management-and-collaboration-app-kickoff/. 
  11. ↑ 11.0 11.1 Li, Roland (2019-10-24). "2nd most valuable U.S. startup to leave SF as city loses another headquarters" (in en-US). https://www.sfchronicle.com/business/article/2nd-most-valuable-U-S-startup-to-leave-SF-as-14558067.php. 
  12. ↑ "Noteworthy technology acquisitions 2021". January 7, 2022. https://www.computerworld.com/article/3605102/noteworthy-technology-acquisitions-2021.html. 
  13. ↑ Browne, Ryan (January 17, 2022). "Ford signs five-year payments deal with Stripe for e-commerce drive". https://www.cnbc.com/2022/01/17/ford-signs-five-year-payments-deal-with-stripe-for-e-commerce-drive.html. 
  14. ↑ "Stripe Teams With Spotify to Drive Subscription Monetization for Creators". January 25, 2022. https://www.pymnts.com/subscriptions/2022/stripe-teams-spotify-drive-subscription-monetization-creators/. 
  15. ↑ Mattackal, Lisa Pauline (2022-04-22). "Twitter, Stripe pilot cryptocurrency payments for creators" (in en). Reuters. https://www.reuters.com/technology/twitter-stripe-pilot-cryptocurrency-payments-creators-2022-04-22/. 
  16. ↑ "ION PARTNERS WITH GLOBAL TECH FIRM". Insider Media Limited. 28 April 2022. https://www.insidermedia.com/news/north-east/ion-partners-with-global-tech-firm. Retrieved 28 April 2022. 
  17. ↑ Rudegeair, Berber Jin and Peter (14 July 2022). "Stripe Cuts Internal Valuation by 28%". Wall Street Journal. https://www.wsj.com/articles/stripe-cuts-internal-valuation-by-28-11657815625?mod=hp_lead_pos4. 
  18. ↑ Surane, Jennifer (3 November 2022). "Stripe Cuts Headcount by 14%, Prepares for 'Leaner Times'". Bloomberg. https://www.bloomberg.com/news/articles/2022-11-03/stripe-cutting-headcount-by-14-as-it-readies-for-leaner-times?sref=CIpmV6x8. 
  19. ↑ "Stripe Enables Airbnb Customers to Pay by Bank". 2024. http://pymnts.com/partnerships/2023/stripe-enables-airbnb-customers-pay-by-bank-transfer/. 
  20. ↑ Amazon to ‘Significantly Expand’ Use of Stripe - PYMNTS.com, 2023, https://www.pymnts.com/news/retail/2023/amazon-significantly-expand-use-stripe/, retrieved 15 January 2024 
  21. ↑ Microsoft Teams now lets small businesses charge for appointments, webinars, and more, 2023, https://www.theverge.com/2023/5/1/23706288/microsoft-teams-payments-small-businesses-feature, retrieved 15 January 2024 
  22. ↑ Stripe, a longtime partner of Lyft, signs a big deal with Uber, 2023, https://techcrunch.com/2023/05/03/stripe-uber/, retrieved 15 January 2024 
  23. ↑ BMW of North America has chosen Stripe to power its online store for US customers and dealers, 2024, https://www.electronomous.com/bmw-of-north-america-has-chosen-stripe-to-power-its-online-store-for-us-customers-and-dealers/, retrieved 15 January 2024 
  24. ↑ Maersk Turns to Stripe to Modernize Payments - PYMNTS.com, 2022, https://www.pymnts.com/shipping/2022/maersk-turns-to-stripe-to-modernize-payments/, retrieved 15 January 2024 
  25. ↑ Zara partners with Irish-founded financial service Stripe for its pre-loved resale platform, 2024, https://www.businesspost.ie/irish-tatler/zara-partners-with-irish-founded-financial-service-stripe-for-its-pre-loved-resale-platform/, retrieved 15 January 2024 
  26. ↑ LOTUS CHOOSES STRIPE TO POWER PAYMENTS FOR ITS FIRST MAINSTREAM ELECTRIC VEHICLE, 2023, https://irishtechnews.ie/lotus-chooses-stripe-to-power-payments-for-its-first-mainstream-electric-vehicle/, retrieved 15 January 2024 
  27. ↑ Alaska Airlines Takes Off with Apple's Contactless Payment on Board, 2024, https://businesstravelerusa.com/news/alaska-airlines-contactless-payment/, retrieved 15 January 2024 
  28. ↑ Le Monde CEO Says Big Tech Partnerships Key to Unlocking Digital Sub Growth - PYMNTS.com, 2024, https://www.pymnts.com/subscriptions/2022/le-monde-in-english-big-tech-partnerships-key-to-unlocking-digital-subscriber-growth-ceo-says/, retrieved 15 January 2024 
  29. ↑ Toyota Taps Stripe to Help Auto Repair Shops - PYMNTS.com, 2022, https://www.pymnts.com/partnerships/2022/toyota-taps-stripe-help-auto-repair-shops/, retrieved 15 January 2024 
  30. ↑ "Fintech startup Stripe integrating OpenAI's new GPT-4 AI". Reuters. March 15, 2023. https://www.reuters.com/technology/fintech-startup-stripe-integrating-openais-new-gpt-4-ai-2023-03-15/. 
  31. ↑ Carr, Austin (February 1, 2012). "Inside Stripe, The Paypal Competitor Backed By Paypal Founders Peter Thiel, Elon Musk". FastCompany. http://www.fastcompany.com/1813087/inside-stripe-paypal-competitor-backed-paypal-founders-peter-thiel-elon-musk. 
  32. ↑ Geron, Tomio (October 10, 2012). "Stripe Launches Stripe Connect To Let Users Accept Online Payments". Forbes. https://www.forbes.com/sites/tomiogeron/2012/10/10/stripe-launches-stripe-connect-to-let-users-accept-online-payments/. 
  33. ↑ Lunden, Ingrid (18 April 2018). "Stripe debuts Radar anti-fraud AI tools for big businesses, says it has halted $4B in fraud to date" (in en-US). https://techcrunch.com/2018/04/18/stripe-debuts-radar-anti-fraud-ai-tools-for-big-businesses-says-it-has-halted-4b-in-fraud-to-date/. 
  34. ↑ Lynley, Matthew (5 April 2018). "Stripe launches a new billing tool to tap demand from online businesses" (in en-US). https://techcrunch.com/2018/04/05/stripe-launches-a-new-billing-tool-to-tap-demand-from-online-businesses/. 
  35. ↑ "Stripe Terminal" (in en). https://stripe.com/blog/terminal. 
  36. ↑ "Stripe Makes Terminal Available Across The US" (in en-US). 2019-06-11. https://www.pymnts.com/news/point-of-sale/2019/stripe-terminal-us/. 
  37. ↑ "Stripe Terminal is now generally available in the US" (in en). 11 June 2019. https://stripe.com/blog/terminal-in-person-payments. 
  38. ↑ Lunden, Ingrid (2019-09-05). "Stripe launches Stripe Capital to make instant loan offers to customers on its platform" (in en). https://techcrunch.com/2019/09/05/stripe-launches-stripe-capital-to-make-instant-loan-offers-to-customers-on-its-platform/. 
  39. ↑ "Digital payments giant Stripe launches new software to simplify how companies work out sales taxes" (in en-US). CNBC. 6 June 2021. https://www.cnbc.com/2021/06/10/stripe-new-software-helps-companies-calculate-sales-tax.html. 
  40. ↑ "Stripe unveils Payment Links to sell online without a website" (in en-US). IBS Intelligence. 28 May 2021. https://ibsintelligence.com/ibsi-news/stripe-unveils-payment-links-to-sell-online-without-a-website/. 
  41. ↑ "Stripe Terminal's In-Person Payment Volume Grows 'Sixfold' as Shoppers Return to Stores" (in en-US). PYMNTS. 21 January 2022. https://www.pymnts.com/news/point-of-sale/2022/stripe-terminals-in-person-payment-volume-grows-sixfold-shoppers-return-stores/. 
  42. ↑ "Stripe will be first to enable Tap to Pay on iPhone" (in en-US). PYMNTS. 9 February 2022. https://www.siliconrepublic.com/business/tap-to-pay-iphone-apple-stripe. 
  43. ↑ "Stripe Debuts Data Pipeline Tool for Data Synchronization" (in en-US). PYMTS. 18 May 2022. https://www.pymnts.com/technology/2022/stripe-debuts-data-pipeline-tool-for-data-synchronization/. 
  44. ↑ "Stripe flexes its fintech muscle with Financial Connections to pull banking data automatically" (in en-US). TechCrunch. 4 May 2022. https://techcrunch.com/2022/05/04/stripe-launches-financial-connections-for-customers-to-pull-banking-data-used-to-power-transactions-automatically/. 
  45. ↑ "Stripe Adds New Payment Methods to Checkout Suite". 2023. https://www.pymnts.com/payments-as-a-service/2023/stripe-adds-new-payment-methods-to-checkout-suite/. 
  46. ↑ "Stripe Expands Startup Tools With Atlas, For Foreign Companies To Incorporate In Delaware" (in en-US). TechCrunch. 24 February 2016. https://beta.techcrunch.com/2016/02/24/stripe-expands-startup-tools-with-atlas-a-way-for-global-companies-to-incorporate-in-delaware/. 
  47. ↑ Lunden, Ingrid (18 March 2016). "Stripe's startup toolkit Atlas opens for business in Cuba" (in en-US). TechCrunch. https://techcrunch.com/2016/03/18/stripes-startup-toolkit-atlas-opens-for-business-in-cuba/. 
  48. ↑ "Stripe Atlas for LLCs". 30 April 2018. https://stripe.com/blog/atlas-llc. 
  49. ↑ Verhage, Julie; Huet, Ellen (26 July 2018). "Stripe Starts Issuing Credit Cards". Bloomberg News. https://www.bloomberg.com/news/articles/2018-07-26/stripe-starts-issuing-credit-cards. 
  50. ↑ "Payments Startup Stripe Rolls Out Card Issuing for U.S. Clients" (in en). Bloomberg.com. 2020-04-23. https://www.bloomberg.com/news/articles/2020-04-23/payments-startup-stripe-rolls-out-card-issuing-for-u-s-clients. 
  51. ↑ Kokalitcheva, Kia (2018-07-17). "Payments company Stripe is getting into book publishing". Axios. https://www.axios.com/2018/07/17/payments-company-stripe-is-getting-into-book-publishing. 
  52. ↑ Pier Luigi Pisa (2022-06-20). "La storia di Patrick Collison: nove linee di codice per conquistare il mondo" (in it). la Repubblica. https://www.repubblica.it/tecnologia/2022/06/20/news/stripe_patrick_collison_ospite_italian_tech_week_2022-353305000/. 
  53. ↑ "Stripe launches Stripe Capital to make instant loan offers to customers on its platform" (in en-US). 5 September 2019. https://social.techcrunch.com/2019/09/05/stripe-launches-stripe-capital-to-make-instant-loan-offers-to-customers-on-its-platform/. 
  54. ↑ "Stripe to Offer Banking Services in Deal With Goldman Sachs, Citigroup" (in en-US). 3 December 2020. https://www.wsj.com/articles/stripe-to-offer-banking-services-in-deal-with-goldman-sachs-citigroup-11607007608. 
  55. ↑ "Stripe Climate is a new tool to let Stripe customers make carbon removal purchases" (in en-US). 28 October 2020. https://techcrunch.com/2020/10/28/stripe-climate-is-a-new-tool-to-let-stripe-customers-purchase-credits-towards-carbon-removal-efforts/. 
  56. ↑ Meyer, Robinson (2022-04-13). "We've Never Seen a Carbon-Removal Plan Like This Before" (in en). https://www.theatlantic.com/science/archive/2022/04/big-tech-investment-carbon-removal/629545/. 
  57. ↑ "Stripe goes beyond payments with Stripe Identity to provide AI-based ID verification for transactions and much more" (in en-US). TechCrunch. 14 June 2021. https://techcrunch.com/2021/06/14/stripe-goes-beyond-payments-with-stripe-identity-to-provide-ai-based-id-verification-for-transactions-and-much-more/. 
  58. ↑ "Stripe Adds New Payment Methods to Checkout Suite". 2023. https://www.pymnts.com/payments-as-a-service/2023/stripe-adds-new-payment-methods-to-checkout-suite/. 
  59. ↑ Paige, Will (6 May 2022). "Stripe's widening product suite draws attention from rivals". https://www.businessinsider.com/stripe-launches-open-banking-product-in-direct-competition-with-plaid-2022-5. 
  60. ↑ Arrington, Michael (March 28, 2011). "Stealth Payment Startup Stripe Backed By PayPal Founders". TechCrunch. https://techcrunch.com/2011/03/28/stealth-payment-startup-stripe-paypal/. 
  61. ↑ "Stripe: instant payment processing for developers". Hacker News. 29 September 2011. https://news.ycombinator.com/item?id=3053883. 
  62. ↑ "Stripe expands to 5 new markets" (in en). 28 May 2020. https://ecommercenews.eu/stripe-expands-to-5-new-markets-in-europe/. 
  63. ↑ Lunden, Ingrid (15 October 2020). "Stripe acquires Nigeria's Paystack for $200M+ to expand into the African continent" (in en-US). https://techcrunch.com/2020/10/15/stripe-acquires-nigerias-paystack-for-200m-to-expand-into-the-african-continent/. 
  64. ↑ Nunez, Adriana (10 December 2020). "Stripe is planning to expand its business in Southeast Asia, China, India, and Japan". https://www.businessinsider.com/stripe-is-eyeing-asia-pacific-expansion2020-12. 
  65. ↑ 65.0 65.1 "Stripe closes $600M round at a $95B valuation" (in en-US). 14 March 2021. https://social.techcrunch.com/2021/03/14/stripe-closes-600m-round-at-a-95b-valuation/. 
  66. ↑ Lunden, Ingrid (27 April 2021). "Stripe acquires TaxJar to add cloud-based, automated sales tax tools into its payments platform". TechCrunch. https://techcrunch.com/2021/04/27/stripe-acquires-taxjar-to-add-cloud-based-automated-sales-tax-tools-into-its-payments-platform/. 
  67. ↑ Rudegeair, Peter (March 15, 2023). "Stripe Cuts Valuation Nearly in Half in $6.5 Billion Share Sale". Wall Street Journal. https://www.wsj.com/livecoverage/stock-market-news-today-03-15-2023/card/stripe-cuts-valuation-nearly-in-half-in-6-5-billion-share-sale-ydFvvBnKv130khDcHJzy. 
  68. ↑ "Stripe Press resources". http://stripe.com/press. 
  69. ↑ Mitroff, Sarah (9 February 2012). "Stripe attracts $18M in funding at $100M valuation". VentureBeat. https://venturebeat.com/2012/02/09/stripe-funding-valuation/. 
  70. ↑ Tsotsis, Alexia (9 July 2012). "Sexy Payments Startup Stripe Swipes $20M From General Catalyst, Sequoia, Thiel And More". TechCrunch. https://techcrunch.com/2012/07/09/payments-startup-stripe-swipes-20m-from-general-catalyst-sequoia-thiel-and-more/. 
  71. ↑ "Stripe expands its Atlas startup kit to let founders form LLCs" (in en-US). TechCrunch. 30 April 2018. https://techcrunch.com/2018/04/30/stripe-expands-its-atlas-startup-kit-let-founders-form-llcs/. 
  72. ↑ Browne, Ryan; Rooney, Kate (2019-01-30). "Stripe rides the online payments boom to a $22.5 billion valuation" (in en). https://www.cnbc.com/2019/01/30/stripe-raises-100-million-from-tiger-global-at-22point5-billion-valuation.html. 
  73. ↑ Lunden, Ingrid (16 April 2020). "Stripe raises $600M at $36B valuation in Series G extension, says it has $2B on its balance sheet". TechCrunch. https://techcrunch.com/2020/04/16/stripe-raises-600m-at-36b-valuation-in-series-g-extension-says-it-has-2b-on-its-balance-sheet/. 
  74. ↑ No More Four-Year Lockups: Stripe’s Sprint to a $7 Billion Fundraising Haul, 2024, https://www.theinformation.com/articles/no-more-four-year-lockups-stripes-sprint-to-a-7-billion-fundraising-haul, retrieved 15 January 2024 
  75. ↑ Stripe Raises New Funding That Values It at $50 Billion, 2023, https://www.nytimes.com/2023/03/15/technology/stripe-funding-50-billion.html, retrieved 15 January 2024 
  76. ↑ 76.0 76.1 "Challenger bank Monzo raises another £71M from Goodwater Capital, Stripe and Michael Moritz" (in en-US). 7 November 2017. http://social.techcrunch.com/2017/11/06/monzo-moolah/. 
  77. ↑ 77.0 77.1 "Monzo, the UK challenger bank, raises £85M Series E at a £1B pre-money valuation" (in en-US). 31 October 2018. http://social.techcrunch.com/2018/10/30/monzocorn/. 
  78. ↑ Cook, James (2019-06-25). "Monzo's valuation hits £2bn as the digital bank raises £113m in fresh funding" (in en-GB). The Telegraph. ISSN 0307-1235. https://www.telegraph.co.uk/technology/2019/06/24/monzos-valuation-hits-2bn-digital-bank-raises-113m-fresh-funding/. 
  79. ↑ "Monzo, the UK challenger bank, raises £113M Series F led by YC's Continuity fund at a £2B post-money valuation" (in en-US). 24 June 2019. http://social.techcrunch.com/2019/06/24/monzo-series-f/. 
  80. ↑ "Paystack, with ambitions to become the Stripe of Africa, raises $8M from Visa, Tencent… and Stripe itself" (in en-US). 28 August 2018. http://social.techcrunch.com/2018/08/28/paystack-with-ambitions-to-become-the-stripe-of-africa-raises-8m-from-visa-tencent-and-stripe-itself/. 
  81. ↑ "Manila-based payments processing startup PayMongo raises $2.7 million in seed funding" (in en-US). 25 September 2019. http://social.techcrunch.com/2019/09/25/manila-based-payments-processing-startup-paymongo-raises-2-7-million-in-seed-funding/. 
  82. ↑ "Pakistani fintech Safepay raises seed funding from Stripe, others" (in en-US). 2021-02-11. https://www.menabytes.com/safepay-seed/. 
  83. ↑ "Step raises $22.5 million to help teens manage their money" (in en-US). 2019-06-06. https://venturebeat.com/2019/06/06/step-raises-22-5-million-to-help-teens-manage-their-money/. 
  84. ↑ "Stripe leads $20M Series A into Fast, which is building a universal checkout service for e-commerce" (in en-US). 26 March 2020. https://social.techcrunch.com/2020/03/26/stripe-leads-20m-series-a-into-fast-which-is-building-a-universal-checkout-service-for-e-commerce/. 
  85. ↑ Wilhelm, Alex (26 January 2021). "Fast raises $102M as the online checkout wars continue to attract huge investment" (in en-US). https://techcrunch.com/2021/01/26/fast-raises-102m-as-the-online-checkout-wars-continue-to-attract-huge-investment/. 
  86. ↑ "Fast shuts doors after slow growth, high burn precluded fundraising options" (in en-US). 5 April 2022. https://techcrunch.com/2022/04/05/fast-shuts-doors-after-slow-growth-high-burn-precluded-fundraising-options/. 
  87. ↑ Hall, Christine (2021-11-03). "Archive.ai aims to free marketers from their monotonous workflows" (in en-US). https://techcrunch.com/2021/11/03/archive-ai-aims-to-free-marketers-from-their-monotonous-workflows/. 
  88. ↑ Clifford, Catherine (April 12, 2022). "Stripe teams up with major tech companies to commit $925 million toward carbon capture". CNBC. https://www.cnbc.com/2022/04/12/stripe-alphabet-meta-shopify-mckinsey-spur-carbon-capture-market.html. 
  89. ↑ Brigham, Katie (June 28, 2022). "Why Big Tech is pouring money into carbon removal". CNBC. https://www.cnbc.com/2022/06/28/why-companies-like-stripe-meta-and-alphabet-are-behind-carbon-removal.html. 

Further reading

External links



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