Payments News

On The Web

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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 […]
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Companies

Investors Are Now Valuing Stripe At $115 Billion

“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 […]
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Companies

WSJ News Exclusive | Stripe Stops Processing Payments for Trump Campaign Website

“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 […]
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Companies

Stripe Wants to Be a $100 Billion One-stop Shop for Small Business

“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 […]
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Companies

Payments Startup Stripe Is in Talks to Raise New Funding

“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 […]
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Companies

Stripe moves payment processing to Dublin due to Brexit

“Share to Facebook Share to Twitter Share to Email App Share to LinkedIn Stripe is shifting payment processing for the majority of its European customers to its Irish-regulated entity because of Brexit, the company said on Thursday. The online payments company said processing for all customers outside of the UK and Switzerland will change to […]
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On The Wires

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Companies

Stripe launches Stripe Treasury in major expansion of financial services offering for platform partners

“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 […]
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Companies

Twilio increases its authorization rates by 10% with Stripe

“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 […]
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Companies

Stripe Named Leader by Forrester, Strikes Global Commerce Partnership with Salesforce

“Today Stripe announced that it was named a Leader in the Forrester Wave™ report on Global Merchant Payments Providers, Q3 2020, achieving the highest scores by any ranked company in both strategy and current offering. Concurrently, CRM giant Salesforce announced that Stripe will power Commerce Cloud Payments. With this partnership, Salesforce joins hundreds of enterprises […]