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Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every sizefrom new startups to public companies like Salesforce and Facebookuse the companys software to accept online payments and run technically sophisticated financial operations in more than 100 countries. Stripe helps new companies get started and grow their revenues, and established businesses accelerate into new markets and launch new business models. Over the long term, Stripe aims to increase the GDP of the internet.
Stripe provides a set of APIs that enables businesses and individuals to accept payments over the internet (thus enabling eCommerce). It is a software platform that helps individuals to run an internet business. Recently, Stripe was selected for the 2019 Forbes Fintech 50 startups list.
Stripe provides a payment gateway that allows both private individuals and businesses to accept payments over the Internet. Stripe focuses on providing the technical, fraud prevention, and banking infrastructure required to operate online payment systems. In October 2017, Stripe Atlas added a tool to set up stock issues for founding teams as it builds its business services. In July 2017, It launched global support for Alipay and WeChat Pay. In January 2018, the company decided to withdraw the bitcoin payment option in their payment gateway.
Stripe earns revenue through transaction fees. Stripe charges a flat rate of 2.9% + 30¢ per successful charge as long as the company has under $1 million in volume per year.
and WeChat Pay.
The company also recently launched a service called 'Atlas' that lets foreign entrepreneurs easily set up a US business entity and get a US bank account as well as a tax ID number – this enables businesses around the world to start using Stripe before the company launches in their country. Also, in 2018, the company launched three new high-profile products, including credit-card-issuing technology, point-of-sale software, and a billing platform for subscription businesses.
$2.25 B in 2019
After the latest funding round, the company's valuation is at $22.5 billion. (Jan. 2019)
$10M+ in 2015
Third-party news sources reported that the company's annual revenue is around $1.5 billion.
$10 B in 2018
The company has processed transactions worth $100 billion and is expected to reach its value by $150 billion in FY 20. (Apr. 2019)
Currently, the stripe's platform is working with over 100k+ businesses across the world, including Google, Mindbody, Spotify, and Uber. It also claims that it has more than 500 million online customers in Southeast Asia and India. (Jan. 2019)
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