Stripe Description
Stripe is a global technology company that builds economic infrastructure for the internet. Businesses of every size—from new startups to public companies like Salesforce and Facebook—use the company’s software to accept online payments and run complex global operations. Today millions of companies across more than 100 countries use Stripe to start, run, and scale their businesses online.
Stripe combines economic infrastructure with a set of applications for new business models like crowdfunding and marketplaces, fraud prevention, analytics, and more. As the world’s fastest-advancing developer platform, Stripe navigates global regulatory uncertainty and partners closely with internet leaders like Apple, Google, Alipay, Tencent, Facebook, Twitter to launch new capabilities.
Only about three percent of GDP happens online today. Stripe wants to help more companies get started and thrive, and ultimately to grow the GDP of the internet.
Financials & Investor Information
Stripe News
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More Data about Stripe from Wikipedia
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]
| Date | Funding Type | Number of Investors | Money Raised | Lead Investor | Valuation |
|---|---|---|---|---|---|
| Aug 2, 2010 | Seed Round | 1 | — | Y Combinator | — |
| Mar 28, 2011 | Seed Round | 4 | $2M | — | $100M |
| Feb 9, 2012 | Series A | 1 | $18M | Sequoia Capital | — |
| Jul 9, 2012 | Series B | 9 | $20M | General Catalyst | — |
| Jan 22, 2014 | Series C | 4 | $80M | Founders Fund | $1.75B |
| Dec 2, 2014 | Series C | 7 | $70M | Thrive Capital | $3.5B |
| Jul 31, 2015 | Series C | 7 | $100M | — | — |
| Nov 25, 2016 | Series D | 3 | $150M | CapitalG, General Catalyst | $9B |
| Sep 27, 2018 | Series E | 5 | $245M | Tiger Global Management | $20B |
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.[21]
Issuing
In July 2018, Stripe began a platform for companies to issue Mastercard and Visa credit cards, available in private beta.[22]
Terminal
On September 17, 2018 Stripe announced a new point of sale solution called Terminal, initially launched as an invite-only beta. The service offers physical credit card readersdesigned to work with Stripe.[23] Terminal also includes detailed documentation along with SDKs for iOS, Javascript, and one for Android is in development.[24]
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