“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.”

“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.”

“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, 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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“TripActions is a platform that helps businesses build, manage, and scale their corporate travel and expense programmes through powerful personalisation and 24/7 access to global travel agents. The company partnered with Stripe to launch TripActions Liquid, its virtual and physical card programme that helps manage travel payments and expenses.”

“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.”

“Payments company Stripe has begun assembling a crypto engineering team to chart its future in digital assets. The team – described in LinkedIn posts and job listings – will be run by Guillaume Poncin , Stripe’s former head of engineering for banking and financial products. He is looking to hire at least four staffers to help plot Stripe’s crypto strategy.”

“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…”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”