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May 31, 2022

On the web

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

Stripe

“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

TechCrunch

“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

Coindesk

“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

CNBC

“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

CNBC

“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

August 31, 2021

On the web

Stripe Deepens Partnership With UnionPay

Finextra Research

“Stripe, a technology company that builds economic infrastructure for the internet, has deepened its partnership with China’s UnionPay International, one of the world’s largest payment networks. The integration will enable businesses in more than 30 markets, including Australia, Singapore, Hong Kong SAR, Canada, the United States, the United Kingdom, as well as across the European Union…”

July 30, 2021

On the web

Stripe Must Face Consumer Privacy Claims Over Data on Purchases

Bloomberg Law

“Stripe Inc. must face claims from consumers that the payment processing platform invaded their privacy under California law by collecting data on purchases and sharing it with merchants and customers. The potential consumer class action can proceed with certain privacy claims brought under the state’s constitution, common law, and unfair competition law, according to a Wednesday order from the U.S. District Court for the Northern District of California. The court order rejected additional claims made under the California Invasion of Privacy Act and other privacy laws in Florida and Washington.”

June 21, 2021

On the wires

Aria Systems Partners With Stripe to Offer Enterprise Clients Additional Payment Processing Options

Aria Systems , the leader in helping enterprises grow subscription and usage-based revenue, today announced a partnership with Stripe , the global technology company that builds economic infrastructure for the internet, to jointly provide large enterprises across multiple industries another option to meet their payment processing needs. Through this partnership, Aria expands its roster of payment partners while the two companies can offer enterprise clients another reliable and secure option for processing payments worldwide.”

June 14, 2021

On the web

WSJ News Exclusive | Investors Clamor for a Bigger Piece of Payments Company Stripe

Wall Street Journal

“Stripe Inc. has yet to go public, but investors are still craving a piece of it. The company, which processes payments for e-commerce businesses, recently offered investors the chance to acquire sizable stakes in the company from existing shareholders, including current and former Stripe employees, according to people familiar with the transaction. Bids from those investors exceeded $4 billion, some of the people said. But only about $1 billion of those bids were filled, one of the people said, suggesting that many current Stripe shareholders believe their stock has a long way to climb. Among the largest buyers were mutual-fund giant Capital Group Cos., venture-capital firm Sequoia Capital, e-commerce company Shopify Inc. and buyout firm Silver Lake, some of the people said.”

June 10, 2021

On the wires

Stripe Newsroom: Stripe Launches Stripe Tax to Simplify Global Tax Compliance for Businesses

“Stripe, the technology company building economic infrastructure for the internet, today announced the launch of Stripe Tax to help businesses automatically calculate and collect sales tax, value-added tax (VAT), and goods and services tax (GST) in over 30 countries*. Stripe Tax makes every aspect of global sales tax handling as frictionless as the rest of Stripe. It automates tax calculation and collection for transactions on Stripe, tells businesses where they need to collect taxes, and creates comprehensive reports to make filing taxes easy.”

April 27, 2021

On the web

Stripe Acquires TaxJar to Add Cloud-based, Automated Sales Tax Tools Into Its Payments Platform

TechCrunch

Stripe , the privately-held payments company now valued at $95 billion , has made an acquisition to expand the range of tools (and services) that it provides to online businesses. It has acquired TaxJar , a popular provider of a cloud-based suite of tax services, which can be used to automatically calculate, report and file sales taxes. One key point about TaxJar is that it works across a number of geographies and the many different sales tax regimes that each uses — a complex area for a lot of companies that do business online.”

April 19, 2021

On the wires

Stripe Newsroom: Stripe Issuing Launches in Europe

“Today, Stripe launched Stripe Issuing in Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain, and the UK. Stripe Issuing enables users to create, manage, and distribute virtual and physical payment cards, giving businesses more control over how they spend their money. Whether it be an on-demand delivery marketplace giving couriers cards to pay for orders, or a car rental company providing cards for drivers to purchase petrol, Stripe Issuing puts businesses in complete control of how, where, and when their money is spent.”

April 13, 2021

On the web

How Payment Processor Stripe Became Silicon Valley’s Hottest Startup

Wall Street Journal

“The pandemic threatened to clobber Stripe Inc. Instead, it turbocharged the company. Stripe processes payments for e-commerce companies, keeping a tiny cut of each purchase as a fee for its services. When stay-at-home orders early in the pandemic caused spending to plunge and refund requests to skyrocket, the outlook wasn’t great…Stripe’s revenue last year rose nearly 70%, to about $7.4 billion, according to people with knowledge of the company’s finances. Other startups might have flashier apps or more recognized brands, but Stripe showed that it is better to be a workhorse than a show pony.”

April 6, 2021

On the web

March 29, 2021

On the web

Stripe Invests in Brex Rival Ramp at $1.6 Billion Valuation

The Information

“Ramp, a two-year-old startup that offers corporate cards and software tools for managing employee expenses, is close to finalizing two rounds of funding that will value the company at $1.6 billion, according to three people familiar with the deals. D1 Capital Partners led the first, $65 million round at a $1.1 billion post-money valuation with participation from payments company Stripe and existing investors Coatue Management and Goldman Sachs. Seeking a bigger stake in the company, Stripe is now leading another, $50 million investment in Ramp at the higher post-money valuation of $1.6 billion, two of the people said.”

March 26, 2021

On the wires

Stripe Newsroom: GoFundMe Partners With Stripe to Power Enhanced Fundraising Experiences in North America

“Stripe announced that fundraising platform GoFundMe has deployed its technology to ensure those in need are able to receive donations from those able to support quickly and efficiently. Working with Stripe further simplifies the fundraising experience on GoFundMe by helping to power a smooth donation experience, the swift withdrawal of donations by fundraiser organizers, and advanced trust and safety operations. The economic and social upheaval of the last 12 months has driven an extraordinary amount of need and generosity on the GoFundMe platform. GoFundMe recently announced more than $10 billion has been raised from over 150 million donations for people, causes, and organizations worldwide.”

March 18, 2021

On the web

How Stripe became Silicon Valley’s most prized asset

FT

“Silicon Valley’s most prominent start-ups are normally consumer internet ventures such as Facebook and Uber — aggressive, fast-growing companies on a relentless drive for global domination and the huge brand awareness that goes with it. Yet it is Stripe — a name unfamiliar to most outside the tech industry — that now sits atop the list of Silicon Valley’s most prized private companies after investors valued it at $95bn this week.”

March 12, 2021

On the wires

Stripe Newsroom: Postmates Added $70 Million in Revenue and Saved $3 Million in Network Fees With Stripe

“Postmates ran an A/B test involving Stripe and a leading payments processor. The focus was on authorization rates across credit card networks like Visa, Mastercard, and American Express. During the testing period, Postmates examined the success across both platforms…12 months after selecting Stripe in the A/B test, Postmates has seen an additional 2.16% uplift in authorization rates with Stripe, generating $70+ million in revenue and saved $3.3 million in card network fees.”

March 8, 2021

On the wires

SaaS Giant Atlassian Selects Stripe to Create a Single Platform for Global Billing and Payments Across All of Its Cloud Product Offerings

“Atlassian, a leading provider of team collaboration and productivity software, is partnering with Stripe to simplify and scale its global payments and billing systems for its $1.6 billion in software revenue. Since 2015, Atlassian has acquired several companies to expand its suite of offerings to plan projects, resolve incidents and deploy products. But while Atlassian wanted to build their own billing solution to create a unified purchasing experience across all of their products, they hit a common stumbling block: the project would require allocating engineering resources away from Atlassian’s core products.”

February 26, 2021

On the web

Stripe Is Seeking More Funding As Valuation Takes Off

Barron's

“Stripe is fundraising for a financing round that values the digital payments company at more than $100 billion, four banking and private-equity executives familiar with the matter said.  It’s unclear exactly how much the San Francisco company is seeking. One banker said Stripe is targeting $1 billion to $1.5 billion, while others pegged the total as closer to $5 billion. Stripe declined to comment.”

February 19, 2021

On the web

Investors Are Now Valuing Stripe At $115 Billion

Forbes

“Investors are valuing Stripe at a $115 billion valuation in “secondary market” transactions, where shares of a private company’s stock are sold after they were first issued. That valuation is up more than threefold from the $36 billion Stripe fetched when it raised money in April 2020 from venture firms including Andreessen Horowitz, General Catalyst and Sequoia.  Stripe is also planning a new primary funding round at a valuation north of $100 billion, according to a person familiar with the matter. A spokesperson from Stripe declined to comment.”

January 11, 2021

On the web

WSJ News Exclusive | Stripe Stops Processing Payments for Trump Campaign Website

Wall Street Journal

“Stripe Inc. will no longer process payments for President Trump’s campaign website following last week’s riot at the Capitol , according to people familiar with the matter. The financial-technology company handles card payments for millions of online businesses and e-commerce platforms, including Mr. Trump’s campaign website and online fundraising apparatus. Stripe is cutting off the president’s campaign account for violating its policies against encouraging violence, the people said.”

December 24, 2020

On the web

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