Stripe (company)
| |
Type of business | Private |
---|---|
Founded | September 29, 2011 |
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 |
Founder(s) |
Patrick Collison John Collison |
CEO | Patrick Collison |
Industry | Payment processor |
Services |
Payments Subscriptions Connect Sigma Relay Atlas Radar (fraud prevention) Issuing |
Employees | 1300[1] (September 2018) |
Website |
stripe |
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]
In 2016, Stripe was valued at over $9 billion when it raised a $150 million round.[13] In its next funding round in September 2018, Stripe received a $20 billion valuation while raising $245 million.[14]
Product and service development
Payment logistics
Stripe provides APIs that web developers can use to integrate payment processing into their websites and mobile applications.[15][4] In April 2018, the company released anti-fraud tools that run alongside payment APIs to block fraudulent transactions.[16]
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.[17]
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.[18] In March 2016, Cuba was added to the list of countries covered under the program.[19] Atlas was relaunched with improvements the following year. As of April 2017, Atlas had signed more than 200 international startups.[20]
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.
Issuing
In July 2018, Stripe began a platform for companies to issue Mastercard and Visa credit cards, available in private beta.[21]
See also
References
- ↑ "Stripe: Press resources". stripe.com.
- ↑ "Inside Stripe, The PayPal Competitor Backed By PayPal Founders Peter Thiel, Elon Musk".
- ↑ Levy, Ari (7 May 2015). "The start-up that's out to conquer global payments". CNBC. Retrieved 23 April 2018.
- 1 2 "The Collison Brothers and Story Behind The Founding Of Stripe". Startup Grind. February 9, 2012. Archived from the original on April 7, 2014. Retrieved April 2, 2014.
- ↑ Brockman, Greg (April 2, 2014). "How Did Stripe Come Up With Its Name?". Forbes. Retrieved April 2, 2014.
- ↑ "Stripe Press resources".
- ↑ Arrington, Michael (March 28, 2011). "Stealth Payment Startup Stripe Backed By PayPal Founders". TechCrunch. Retrieved February 14, 2014.
- ↑ Mitroff, Sarah (9 February 2012). "Stripe attracts $18M in funding at $100M valuation". VentureBeat. Retrieved 14 February 2014.
- ↑ Warnimont, Joe (4 April 2018). "Stripe Review: Payment Processor with Advanced Development and Clear Pricing". Ecommerce Platforms. Retrieved 4 May 2018.
- ↑ "Stripe: instant payment processing for developers". Hacker News. 29 September 2011. Retrieved 14 February 2014.
- ↑ Tsotsis, Alexia (9 July 2012). "Sexy Payments Startup Stripe Swipes $20M From General Catalyst, Sequoia, Thiel And More". TechCrunch. Retrieved 14 February 2014.
- ↑ Rao, Leena. "Payments Company Stripe Makes First Acquisition, Buys Team Task Management And Collaboration App Kickoff". TechCrunch. Retrieved 16 January 2014.
- ↑ "Stripe expands its Atlas startup kit to let founders form LLCs – TechCrunch". techcrunch.com. Retrieved 2018-05-01.
- ↑ Vance, Ashlee (September 26, 2018). "Payment Startup Stripe Is Now a $20 Billion Company". www.bloomberg.com. Retrieved 2018-09-27.
- ↑ Carr, Austin (February 1, 2012). "Inside Stripe, The Paypal Competitor Backed By Paypal Founders Peter Thiel, Elon Musk". FastCompany. Retrieved April 2, 2014.
- ↑ Lunden, Ingrid. "Stripe debuts Radar anti-fraud AI tools for big businesses, says it has halted $4B in fraud to date". techcrunch.com. Retrieved 2018-04-18.
- ↑ "Stripe launches a new billing tool to tap demand from online businesses". techcrunch.com. Retrieved 2018-04-26.
- ↑ "Stripe Expands Startup Tools With Atlas, For Foreign Companies To Incorporate In Delaware – TechCrunch". beta.techcrunch.com. Retrieved 2018-05-01.
- ↑ "Stripe's startup toolkit Atlas opens for business in Cuba – TechCrunch". techcrunch.com. Retrieved 2018-05-01.
- ↑ "Stripe Opens Up Atlas for U.S. Startups". Bank Innovation. 2017-04-06. Retrieved 2018-05-01.
- ↑ Verhage, Julie; Huet, Ellen (26 July 2018). "Stripe Starts Issuing Credit Cards". Bloomberg News. Retrieved 28 July 2018.