Payments News

On The Web

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Companies

How Payment Processor Stripe Became Silicon Valley’s Hottest Startup

“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 […]
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Companies

Fintech Start-up Stripe Enters the Middle East With UAE Launch

“One of Silicon Valley’s most valuable private fintech companies has chosen Dubai for its first expansion into the Middle East and North Africa. Online payments company Stripe is expanding into the Middle East, just weeks after its latest funding round, which pushed the company’s value to $95 billion , making it one of the most […]
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Companies

Stripe Invests in Brex Rival Ramp at $1.6 Billion Valuation

“Ramp, a two-year-old startup that offers corporate cards and software tools for managing employee expenses, is close to finalizing two rounds of funding that will value the company at $1.6 billion, according to three people familiar with the deals. D1 Capital Partners led the first, $65 million round at a $1.1 billion post-money valuation with […]
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Companies

How Stripe became Silicon Valley’s most prized asset

“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 […]
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Companies

Stripe Is Seeking More Funding As Valuation Takes Off

“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 […]

On The Wires

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Companies

Stripe Newsroom: Stripe Issuing Launches in Europe

“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 […]
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Companies

Stripe Newsroom: GoFundMe Partners With Stripe to Power Enhanced Fundraising Experiences in North America

“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 […]
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Companies

Stripe Newsroom: Postmates Added $70 Million in Revenue and Saved $3 Million in Network Fees With Stripe

“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 […]
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Companies

SaaS Giant Atlassian Selects Stripe to Create a Single Platform for Global Billing and Payments Across All of Its Cloud Product Offerings

“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 […]