“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.”

“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.”

“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.”

“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.”

“Covid-19 body-slammed most of the global economy, but not Stripe. Lockdowns and social distancing accelerated the shift from cash to digital payments, according to just about everyone , and that benefits companies like Stripe. During the first half of the year, US online retail spending hit $347 billion, according to McKinsey (pdf), a 30% jump from the same period in 2019.”

“Stripe, the technology company building economic infrastructure for the internet, today announced that it is launching Stripe Treasury. This gives Stripe’s platform users powerful APIs to embed financial services, enabling their customers to easily send, receive and store funds. Shopify is partnering with Stripe and Evolve Bank & Trust to build Shopify Balance, the business account designed to help merchants take control of their finances.”

“Financial technology startup Stripe Inc. is in talks to raise a new funding round valuing it higher than its last private valuation of $36 billion, according to people familiar with the matter. The valuation being discussed could be more than $70 billion or significantly higher, at as much as $100 billion, according to one of the people, who asked not be identified because the matter is private. Talks are at an early stage and there’s no guarantee the funding round will be completed.”

“Twilio ran an A/B test with multiple major global payment processors monitoring authorization rates across card networks like Visa, Mastercard, American Express, Discover, Diners Club, and JCB. The test was set up to randomize routing by examining numerous transaction attributes like card type, card brand, card country, transaction size, and transaction type. After weeks of A/B testing, Twilio selected Stripe. “We were seeing ~10% uplift overall in authorization rates,” said Chris Nasson, Director of Investor Relations & Treasury.”

“Today, we announced a new partnership with leading payments platform Stripe to empower notaries with the ability to work online and receive almost instantaneous payment for the notarizations they have completed. By integrating with Stripe Connect, a platform that powers marketplaces by accepting payments from customers and paying out to service providers, Notarize can pay notaries on the same day they perform notarization services.”