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 technology company.[2] Its software allows individuals and businesses to receive payments over the Internet. Stripe provides the technical, fraud prevention, and banking infrastructure required to operate on-line payment systems.[3]

    History

    Irish entrepreneurs John and Patrick Collison founded Stripe in 2010.[4][5] In June 2010, Stripe received seed funding from Y Combinator, a start-up accelerator.[6] In May 2011, Stripe received a $2 million investment from venture capitalists Peter Thiel, Sequoia Capital, and Andreessen Horowitz.[7] In February 2012, Stripe received an $18 million Series A investment led by Sequoia Capital at a $100 million valuation.[8][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]

    As of April 2018, Stripe was valued at over $9 billion when it last raised money, a $150 million round in 2016.[13]

    Product and service development

    Payment logistics

    Stripe provides APIs that web developers can use to integrate payment processing into their websites and mobile applications.[14][4] In April 2018, the company released anti-fraud tools that run alongside payments APIs to block fraudulent transactions.[15]

    The company expanded its services to include a billing product for online businesses. The new service operates within the Stripe platform, allowing businesses to manage subscription recurring revenue and invoicing.[16]

    Atlas

    On February 24, 2016 the company launched the Atlas platform that allows startups to incorporate more easily in the U.S. The platform originally launched as invite-only.[17] In March 2016, Cuba was added to the list of countries covered under the program.[18] Atlas was relaunched with improvements the following year. As of April 2017, Atlas had signed more than 200 international startups.[19]

    On April 30, 2018 the company announced an expansion to Atlas. The upgrades to Atlas included the ability to be used to set up Delaware-based limited liability companies.

    Reception

    In 2016, Stripe was ranked number four on the Forbes magazine Cloud 100, a list of companies that engage in cloud computing.[20] In 2017, Stripe was ranked number one on the Forbes Cloud 100.[21]

    "Stripe are one of the most organic, most ethical, second wave fintech startups and what they are doing is simply incredible." - Flora Coleman, Head of Government Relations of Transferwise, London. [22]

    References

    1. ^ "Stripe: Press resources". stripe.com. 
    2. ^ "Inside Stripe, The PayPal Competitor Backed By PayPal Founders Peter Thiel, Elon Musk". 
    3. ^ Levy, Ari (7 May 2015). "The start-up that's out to conquer global payments". CNBC. Retrieved 23 April 2018. 
    4. ^ a b "The Collison Brothers and Story Behind The Founding Of Stripe". Startup Grind. February 9, 2012. Archived from the original on April 7, 2014. Retrieved April 2, 2014. 
    5. ^ Brockman, Greg (April 2, 2014). "How Did Stripe Come Up With Its Name?". Forbes. Retrieved April 2, 2014. 
    6. ^ "Stripe Press resources". 
    7. ^ Arrington, Michael (March 28, 2011). "Stealth Payment Startup Stripe Backed By PayPal Founders". TechCrunch. Retrieved February 14, 2014. 
    8. ^ Mitroff, Sarah (9 February 2012). "Stripe attracts $18M in funding at $100M valuation". VentureBeat. Retrieved 14 February 2014. 
    9. ^ Warnimont, Joe (4 April 2018). "Stripe Review: Payment Processor with Advanced Development and Clear Pricing". Ecommerce Platforms. Retrieved 4 May 2018. 
    10. ^ "Stripe: instant payment processing for developers". Hacker News. 29 September 2011. Retrieved 14 February 2014. 
    11. ^ Tsotsis, Alexia (9 July 2012). "Sexy Payments Startup Stripe Swipes $20M From General Catalyst, Sequoia, Thiel And More". TechCrunch. Retrieved 14 February 2014. 
    12. ^ Rao, Leena. "Payments Company Stripe Makes First Acquisition, Buys Team Task Management And Collaboration App Kickoff". TechCrunch. Retrieved 16 January 2014. 
    13. ^ "Stripe expands its Atlas startup kit to let founders form LLCs – TechCrunch". techcrunch.com. Retrieved 2018-05-01. 
    14. ^ Carr, Austin (February 1, 2012). "Inside Stripe, The Paypal Competitor Backed By Paypal Founders Peter Thiel, Elon Musk". FastCompany. Retrieved April 2, 2014. 
    15. ^ Lunden, Ingrid. "Stripe debuts Radar anti-fraud AI tools for big businesses, says it has halted $4B in fraud to date". techcrunch.com. Retrieved 2018-04-18. 
    16. ^ "Stripe launches a new billing tool to tap demand from online businesses". techcrunch.com. Retrieved 2018-04-26. 
    17. ^ "Stripe Expands Startup Tools With Atlas, For Foreign Companies To Incorporate In Delaware – TechCrunch". beta.techcrunch.com. Retrieved 2018-05-01. 
    18. ^ "Stripe's startup toolkit Atlas opens for business in Cuba – TechCrunch". techcrunch.com. Retrieved 2018-05-01. 
    19. ^ "Stripe Opens Up Atlas for U.S. Startups". Bank Innovation. 2017-04-06. Retrieved 2018-05-01. 
    20. ^ "Forbes Cloud 100". Forbes. Retrieved 28 October 2016. 
    21. ^ Konrad, Alex. "Forbes Cloud 100: Meet The Hottest Companies In Cloud Computing For 2017". Forbes. Retrieved 2017-12-11. 
    22. ^ "'We love Stripe...one of the most organic and ethical firms in the industry' - Leading fintech startup Transferwise - Independent.ie". Independent.ie. Retrieved 2018-04-26. 
    source: https://en.wikipedia.org/wiki/Stripe_(company)[/td_text_with_title]