Stripe (company)
Stripe, Inc.
Stripe Logo, revised 2016.svg
Type of business Private
Founded September 29, 2011; 6 years ago (2011-09-29)
Headquarters San Francisco, California
Area served

Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Japan, Hong Kong, Luxembourg, Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, United Kingdom, United States
Public beta Italy, Portugal

Private beta Brazil, Mexico, India
Founder(s) Patrick Collison
John Collison
CEO Patrick Collison
Industry Payment processor
Services Payments
Subscriptions
Connect
Relay
Atlas
Radar (fraud prevention)
Employees 1000[1](December 2017)
Website stripe.com
Current status Active

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]

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

See also

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 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 2014. 
  5. ^ Brockman, Greg (April 2, 2014). "How Did Stripe Come Up With Its Name?". Forbes. Retrieved 2014. 
  6. ^ "Stripe Press resources". 
  7. ^ Arrington, Michael (March 28, 2011). "Stealth Payment Startup Stripe Backed By PayPal Founders". TechCrunch. Retrieved 2014. 
  8. ^ Mitroff, Sarah (9 February 2012). "Stripe attracts $18M in funding at $100M valuation". VentureBeat. Retrieved 2014. 
  9. ^ Warnimont, Joe (4 April 2018). "Stripe Review: Payment Processor with Advanced Development and Clear Pricing". Ecommerce Platforms. Retrieved 2018. 
  10. ^ "Stripe: instant payment processing for developers". Hacker News. 29 September 2011. Retrieved 2014. 
  11. ^ Tsotsis, Alexia (9 July 2012). "Sexy Payments Startup Stripe Swipes $20M From General Catalyst, Sequoia, Thiel And More". TechCrunch. Retrieved 2014. 
  12. ^ Rao, Leena. "Payments Company Stripe Makes First Acquisition, Buys Team Task Management And Collaboration App Kickoff". TechCrunch. Retrieved 2014. 
  13. ^ "Stripe expands its Atlas startup kit to let founders form LLCs - TechCrunch". techcrunch.com. Retrieved . 
  14. ^ Carr, Austin (February 1, 2012). "Inside Stripe, The Paypal Competitor Backed By Paypal Founders Peter Thiel, Elon Musk". FastCompany. Retrieved 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 . 
  16. ^ "Stripe launches a new billing tool to tap demand from online businesses". techcrunch.com. Retrieved . 
  17. ^ "Stripe Expands Startup Tools With Atlas, For Foreign Companies To Incorporate In Delaware - TechCrunch". beta.techcrunch.com. Retrieved . 
  18. ^ "Stripe's startup toolkit Atlas opens for business in Cuba - TechCrunch". techcrunch.com. Retrieved . 
  19. ^ "Stripe Opens Up Atlas for U.S. Startups". Bank Innovation. 2017-04-06. Retrieved . 
  20. ^ "Forbes Cloud 100: Meet The Private Companies Leading Cloud Computing In 2016". Forbes. 2016. Archived from the original on 14 September 2016. Retrieved 2018. 
  21. ^ Konrad, Alex (11 July 2017). "Forbes Cloud 100: Meet the Hottest Companies in Cloud Computing for 2017". Forbes. Retrieved . 
  22. ^ Kelly, Louise (18 April 2018). "'We love Stripe...one of the most organic and ethical firms in the industry'--Leading fintech startup Transferwise". Irish Independent. Dublin. Retrieved 2018. 

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Stripe_(company)
 



 

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