Stripe

    [td_text_with_title custom_title=”Company description”]Stripe is an American company that allows both private individuals and businesses to accept payments over the Internet. Co-founded by Irish brothers Patrick and John Collison in 2010.

    The company has received $190 million in funding; investors include some of the largest technology venture capital firms, including Sequoia Capital, General Catalyst Partners, Andreessen Horowitz, Founders Fund, Khosla Ventures, and PayPal co-founders Elon Musk, Peter Thiel, and Max Levchin.

    With Stripe, web developers can integrate payment processing into their websites without having to register and maintain a merchant account.[/td_text_with_title]

    MarketCap
    2 BN $

    [td_text_with_title custom_title=”Latest post”]

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    [/td_text_with_title][td_text_with_title custom_title=”From Wikipedia”]

    Stripe is a US technology company [2] operating in over 25 countries, that allows both private individuals and businesses to accept payments over the Internet. Stripe focuses on providing the technical, fraud prevention, and banking infrastructure required to operate on-line payment systems.[3]

    Payment logistics

    Using Stripe, web developers can integrate payment processing into their websites without having to register and maintain a merchant account.[4] Stripe has a seven-day waiting period for initial transactions, during which time it profiles the businesses involved to protect against potential fraud. Stripe then transfers the funds directly into the bank account linked to the payee.[5]

    History

    Irish entrepreneurs John and Patrick Collison founded Stripe in 2010.[5] Stripe began as a start-up called /dev/payments. The name resulted in misspellings and confusion to those outside the company, so the company renamed itself Stripe.[6] In June 2010, Stripe received seed funding from Y Combinator, a start-up accelerator.[7] In May 2011, Stripe received a $2 million investment from venture capitalists Peter Thiel, Sequoia Capital, and Andreessen Horowitz.[8] In February 2012, Stripe received an $18 million Series A investment led by Sequoia Capital at a $100 million valuation.[9] Stripe launched publicly in September 2011 after an extensive private beta.[10] Less than a year after its public launch, Stripe received a $20 million Series B investment.[11] In March, 2013, Stripe acquired chat and task-management application Kick-off.[12]

    In March 2014, CEO Patrick Collison announced that Stripe would support bitcoin transactions.[13] In January 2015, Stripe introduced a machine learning-based fraud detection system.[14]

    In 2016, Stripe was ranked number four on the Forbes magazine Cloud 100, a list of companies that engage in cloud computing.[15]

    References

    1. ^ "Stripe: Press resources". stripe.com. 
    2. ^ "Inside Stripe, The PayPal Competitor Backed By PayPal Founders Peter Thiel, Elon Musk". 
    3. ^ "Stripe". CNBC. 
    4. ^ Carr, Austin (February 1, 2012). "Inside Stripe, The Paypal Competitor Backed By Paypal Founders Peter Thiel, Elon Musk". FastCompany. Retrieved April 2, 2014. 
    5. ^ a b "The Collison Brothers and Story Behind The Founding Of Stripe". Startup Grind. February 9, 2012. Retrieved April 2, 2014. 
    6. ^ Brockman, Greg (April 2, 2014). "How Did Stripe Come Up With Its Name?". Forbes. Retrieved April 2, 2014. 
    7. ^ "Stripe Press resources". 
    8. ^ Arrington, Michael (March 28, 2011). "Stealth Payment Startup Stripe Backed By PayPal Founders". TechCrunch. Retrieved February 14, 2014. 
    9. ^ Mitroff, Sarah (February 9, 2012). "Stripe attracts $18M in funding at $100M valuation". VentureBeat. Retrieved February 14, 2014. 
    10. ^ "Stripe: instant payment processing for developers". Hacker News. September 29, 2011. Retrieved February 14, 2014. 
    11. ^ Tsotsis, Alexia (July 9, 2012). "Sexy Payments Startup Stripe Swipes $20M From General Catalyst, Sequoia, Thiel And More". TechCrunch. Retrieved February 14, 2014. 
    12. ^ Rao, Leena. "Payments Company Stripe Makes First Acquisition, Buys Team Task Management And Collaboration App Kickoff". TechCrunch. Retrieved 16 January 2014. 
    13. ^ Del Rey, Jason (March 27, 2014). "Stripe Merchants Will Soon Be Able to Accept Bitcoin Payments". Recode. Retrieved April 2, 2014. 
    14. ^ Reader, Ruth (January 14, 2015). "Stripe invites merchants to help improve its machine-learning fraud detection system". Recode. Retrieved June 19, 2016. 
    15. ^ "Forbes Cloud 100". Forbes. Retrieved 28 October 2016. 
    source: https://en.wikipedia.org/wiki/Stripe_(company)[/td_text_with_title]