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June 2, 2023

On the web

Fintech Giant Stripe is Getting into the Credit Game


"Stripe wants to make it easier for businesses to access credit. The private financial infrastructure giant announced a new charge card program today from Stripe Issuing , its commercial card issuing product, Denise Ho, head of product for BaaS at Stripe, told TechCrunch exclusively."

May 19, 2023

On the web

May 4, 2023

On the web

Uber Expands Partnership with Stripe to Enhance Payments Performance

IBS Intelligence

"Stripe, a financial infrastructure platform for businesses, has announced an expanded global partnership with Uber Technologies . Uber will significantly expand its use of Stripe’s payments platform, including in the US, to reduce costs and give customers more flexible ways to pay for Uber Rides and Uber Eats. It will use Link and Stripe Financial Connections to allow customers to add bank accounts securely and instantly without leaving the Uber app."

May 3, 2023

On the web

Stripe, a Longtime Partner of Lyft, Signs a Big Deal with Uber


"Growth at $50 billion fintech Stripe has been slowing this year, but one of its key strategies to reverse that course got a decent push today: Stripe is announcing that it has inked a “strategic payments partnership” with Uber. The pair will work together initially on selected services in eight of Uber’s biggest markets, including the U.S., the U.K., Canada, Mexico, Australia and Japan."

March 30, 2023

On the wires

Payment Platform Regpack Announces Partnership with Stripe to Expand Support for International Currencies

PR Newswire

"Today Regpack, a software leader that enables quick and simple automation of billing and other business processes, announced a partnership with Stripe, a financial infrastructure platform for businesses. With Stripe, Regpack will enable its customers to expand services and receive payments in Euros, Yen and the Australian Dollar among other currencies in a more streamlined and seamless way."

March 16, 2023

On the web

March 6, 2023

On the wires

Wix and Stripe Bring Tap to Pay on iPhone to U.S. Merchants

PR Newswire

"Wix.com Ltd., a leading global SaaS platform to create, manage and grow an online presence, today announced an extended partnership with Stripe to bring Tap to Pay on iPhone to U.S.-based Wix merchants. This enables Wix merchants to accept secure, contactless payments directly from their iPhones, without needing additional hardware."

January 27, 2023

On the wires

Stripe Hires Goldman, JP Morgan to Explore Listing and Private Share Sale


Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and alternatives to allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters. The move, communicated to Stripe employees in an internal memo earlier on Thursday, would give them an opportunity to sell shares in the company either to private investors or in a public market, the sources said.

January 26, 2023

On the web

Crypto-Friendly Stripe Weighs Public Offering: Report


Internet payment processor Stripe is reportedly eyeing a public offering and has set a 12-month timeline to explore the possibility. Stripe has hired Goldman Sachs and JPMorgan Chase to advise on the feasibility and timing of a public-market debut, according to a Jan. 26 report by The Wall Street Journal. A source with knowledge of the matter told the Journal that Stripe's executives will either take the company public or allow employees to sell shares in a private transaction.

January 23, 2023

On the web

Stripe Signs Deal to Process More of Amazon’s Payments

The Irish Times

Irish-founded payments technology company Stripe has signed an expanded deal with Amazon that will see the fintech process more of the online retailer’s payments. The new agreement will see Stripe become a strategic payments partner for Amazon in the US, Europe and Canada, processing payments for Prime, Audible, Kindle, Amazon Pay, Buy With Prime and other Amazon services. That accounts for a significant part of Amazon’s total payments volume.

December 2, 2022

On the web

Stripe Enables Fiat-to-Crypto On-Ramp


“Global payments processing company Stripe is launching its own fiat-to-crypto on-ramp, allowing customers to exchange dollars for cryptocurrencies. Stripe’s new transactions solution is billed as a customizable widget, which can be directly embedded within different DeFi platforms.  The most common way to on-ramp fiat-to-crypto today is to purchase cryptocurrencies through a centralized exchange — including the likes of Coinbase, Binance, Kraken and the recently deceased FTX. To partake in DeFi, one then transfers the cryptocurrency to a third-party wallet. As a major payments processor for prominent Web2 companies, such as Apple and Walmart, Stripe’s decision to step further into the crypto world during a time when centralized exchanges are under heightened scrutiny can help DeFi become more accessible to mainstream consumers.”

November 3, 2022

On the web

85+ Stripe Statistics – Growth, Revenue and Market Share

Enterprise Apps Today

“Stripe Statistics: Online shopping, online education, and online subscription all of these have made payments to turn online. Almost everyone in the world today used online payment to pay their merchants/ businesses. Stripe is one of the most used digital payment intermediaries which helps businesses to receive payments from customers. These kinds of flexible methods are helping businesses grow on an international level. In this stripe statistics, we will have a look at the strip’s features and products, with their benefits. Stripe statistics will also have insight into general numbers along with a comparison between Stripe and Google Pay.”

October 26, 2022

On the web

Stripe Launches in Thailand

Stripe Newsroom

“Today Stripe announced its general availability in Thailand, where its financial infrastructure platform will help solve the complex payments issues facing Thai businesses. “Thailand’s digital economy is one of the fastest growing in Southeast Asia. However, moving money on the internet remains incredibly complicated and cumbersome,” said Tee Chayakul, Thailand country director at Stripe. “We want to remove these barriers with financial infrastructure that helps ambitious businesses increase their revenue, automate low-value tasks, and expand internationally.” Thousands of companies in Thailand have already signed up on Stripe during a beta phase over the past year. They include the online property platform Baania, leading luxury furniture retailer Chanintr, holiday resort Coconut Beach Bungalows, accounting software platform FlowAccount, and digital creator platform Storior.”

July 27, 2022

On the web

Klarna’s Fall From Grace Calls Into Question Unicorn Board Valuations

Crunchbase News

“The explosive growth in value and funding for startups on The Crunchbase Unicorn Board appears to be leveling off as 32 companies joined in June, adding $49 billion in value and $7.7 billion in funding to the board. In addition, payment fintech Klarna’s massive downround this month calls into question the board’s $4.6 trillion value in June, as Klarna is now poised to topple from its heady No. 6 spot. Klarna shed $39 billion in value from the board with its most recent $800 million funding that valued the company at $6.7 billion. Klarna is now valued below Europe-based online payments integrators Checkout.com, Rapyd and point of sale payments SumUp, but valued above payments integrator Mollie. This 86% drop also calls into question many highly valued unicorns on the board.”

July 7, 2022

On the web

Revolut Adds Stripe to Accelerate Global Expansion


“Stripe, a financial infrastructure platform for businesses, today announced that Revolut will use Stripe to support payments in the UK and Europe and accelerate its expansion into new markets. Founded in 2015, Revolut has rapidly become one of Europe’s great fintech success stories. After launching in the UK with money transfer and exchange services, the company now offers dozens of products—from accounts and insurance, to trading and invoicing—that improve money management for 18 million customers and 500,000 businesses in more than 200 countries and territories.”

June 21, 2022

On the web

Stripe to Launch New Bank Transfer Proposition in UK to Take Away “Operational Pain”


“Payments giant Stripe is launching a new bank transfer proposition in the UK and other markets, which it says will erase  “the operational pain of receiving and manually reconciling transfers” for businesses. Bank transfers, which have been in existence since 1871 when Western Union added money transfers to its telegram service, are still one of the most common ways to send money today. According to Stripe, in Europe more than $4trillion in bank transfers is processed each year. But the current process, says Stripe, is filled with “friction”- pointing to businesses losing hundreds of hours on confirming transfers, reconciliation and accounting, and refunds.  StrIpe’s new offering, already launched in Japan, is now being rolled out in the  UK, EU and Mexico. Fundamentally, it automates all reconciliation and says it creates a simplified refund process.”

May 31, 2022

On the web

Affirm and Stripe Partner to Help Businesses Grow Their Revenue


“Affirm, the payment network that empowers consumers and helps merchants drive growth and Stripe , a financial infrastructure platform for businesses, announced a strategic partnership that makes Affirm’s Adaptive Checkout™ available to Stripe users in the U.S. today. Adaptive Checkout uses Affirm’s smart decision engine to make a real-time underwriting decision and offer consumers optimized bi-weekly and monthly pay over time options side-by-side.”

Stripe Launches Stripe Apps to Help Businesses Build or Discover Tools That Work Seamlessly with Stripe


“Stripe, a financial infrastructure platform for businesses, today released Stripe Apps and the Stripe App Marketplace. As an ecosystem of popular third-party tools, Stripe Apps addresses a fundamental challenge for growing businesses and meets a top request from Stripe users. To compete in the internet economy, businesses utilize a wide variety of software tools. Even if they’re using Stripe to process payments, they might use separate tools to send a refund confirmation and close out the associated customer support ticket. While these tools are helpful, they introduce the friction of manual coordination and the potential for human error as users switch between them. Stripe Apps unites many of the tools that businesses rely on, making it easier to complete common tasks in one place.”

Stripe Introduces Data Pipeline to Help Users Sync Their Data with Amazon Redshift and Snowflake Data Cloud


“Stripe, a financial infrastructure platform for businesses, today announced the release of Stripe 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. Businesses can use their consolidated data to speed up their financial close and automate reporting to better identify key insights about their business, like their best performing payment methods or their optimal fraud modeling approach for a given region.”

May 25, 2022

On the web

Stripe Launches App Marketplace, Scripts and Tools Incorporating Third-Party SaaS Apps That Work Alongside Stripe


“Stripe, the payments upstart now valued at $95 billion, has been launching a number of new products to expand beyond the API that helped make its name, to build out its position as a platform for financial services and related business infrastructure. The latest of these is making its debut today: App Marketplace, as the new service is called, is a new offering where Stripe will both provide access to third-party apps, as well as scripts created by app publishers, users and Stripe itself, that incorporate those apps with Stripe. It potentially represents its biggest leap yet away from payments.”

May 4, 2022

On the wires

Stripe Introduces Financial Connections to Help Businesses Connect to Their Customers’ Bank Accounts

“Stripe, a financial infrastructure platform for businesses, today launched Stripe Financial Connections, enabling businesses to establish direct connections with their customers’ bank accounts that power a wide range of financial processes. Businesses can use Financial Connections to verify accounts for payments and payouts, check balances to reduce payment failures, and cut fraud by confirming bank account ownership.”

April 22, 2022

On the web

Fintech Giant Stripe Jumps Into Crypto With a Feature That Lets Twitter Users Get Paid in Stablecoin


“Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will start offering merchants the ability to make payouts in crypto through the stablecoin USDC, which is issued by crypto firm Circle. Stablecoins are tokens that are pegged to fiat currencies to maintain a stable price. In USDC’s case, as the name suggests, the cryptocurrency is backed by the U.S. dollar.”

April 18, 2022

On the wires

Stripe Launches Konbini and Furikomi, Deepening Investment in Japan

“Stripe, a financial infrastructure platform for businesses, today announced that it supports two important forms of payments in Japan: Furikomi, a highly popular bank transfer method, and Konbini, the ubiquitous convenience store payment option. Now through a single integration, businesses of all sizes can use Stripe’s platform to accept Furikomi and Konbini payments, in addition to credit and debit cards. The expansion further accelerates Stripe’s growth plans in Japan.”

April 14, 2022

On the web

Stripe Teams up With Major Tech Companies to Commit $925 Million Toward Carbon Capture


“Online payments-technology provider Stripe is teaming up with several other companies, including Google parent Alphabet and Facebook parent Meta , to commit nearly $1 billion in spurring the carbon-capture market. On Tuesday the companies announced the creation of Frontier , which plans to purchase $925 million worth of permanent carbon removal from companies that are developing the technology over the next nine years.   Frontier will be a wholly owned subsidiary of Stripe. Alphabet, Meta, e-commerce platform Shopify and consulting giant McKinsey are chipping in — and committing to purchase some of the carbon-capture solutions.”

March 25, 2022

On the web

Inside Stripe’s Second Shot at Crypto

American Banker

“Stripe is adding several cryptocurrency services for businesses, breathing new life into a strategy it abandoned just four years ago. The San Francisco-based payment company recently debuted global payment solutions for Web3 , including application programming interfaces to allow users to buy and store crypto tokens and process cryptocurrency payments. Web3 refers to blockchain-powered technology such as decentralized finance (DeFi) and digital token transactions.”

March 18, 2022

On the wires

Stripe Wins Deal With Blockchain.com

“Stripe, a technology company building financial infrastructure for the internet, today announced that Blockchain.com has chosen Stripe to facilitate payments, mitigate fraud risk, and improve revenue management. Founded in 2011, Blockchain.com was one of the early infrastructure pioneers of the Bitcoin community. As of January 2022, 37 million verified users from nearly every country had used the platform to create more than 80 million crypto wallets and complete more than $1 trillion in crypto transactions.”

January 24, 2022

On the wires

Stripe Terminal accelerates global momentum as consumers around the world return to in-person shopping

“Today, internet first retailers including Buck Mason, Castlery , Glossier, and Warby Parker are using Stripe to power transactions across both brick-and-mortar and online storefronts in a single unified tech stack. Using Terminal with Stripe Connect , platforms like Lightspeed , Mindbody , Shopify, and Wix provide their business users with the capability to accept in-person payments.”

December 17, 2021

On the wires

November 23, 2021

On the web

Stripe Co-founder Says the $95 Billion Fintech Giant Is ‘Very Happy’ Staying Private


“Collison’s comments come after a Bloomberg report said that Stripe was in early talks with investment banks about going public as early as next year. Collison said the firm has plans to expand across the Persian Gulf, which includes countries like the United Arab Emirates, Qatar and Saudi Arabia. Stripe already has clients from $7.5 billion food delivery firm Deliveroo to a small gymwear brand called Squatwolf using it to process payments in the region, he added.”

October 12, 2021

On the web

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