Stripe

paymentssoftware/whitelabel/apis-paymentsprocessors

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 10/07/2020

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About

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.

Focus

PRODUCTS & SERVICES

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.

REVENUE MODEL

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.

MAIN CLIENTS

Shopify

Lyft

TaskRabbit

TED

Harry's

and Kickstarter.

EXISTING PARTNERSHIPS

Intuit

Alipay

and WeChat Pay.

COMMENT

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.

Traction

VALUATION / MARKET CAP:

$2.25 B in 2019

VALUATION COMMENT:

After the latest funding round, the company's valuation is at $22.5 billion. (Jan. 2019)

REVENUE

$10M+ in 2015

REVENUE COMMENT:

Third-party news sources reported that the company's annual revenue is around $1.5 billion.

TRANSACTIONS VALUE:

$10 B in 2018

TRANSACTIONS COMMENT:

The company has processed transactions worth $100 billion and is expected to reach its value by $150 billion in FY 20. (Apr. 2019)

TRACTION COMMENT:

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)

People

FOUNDERS

Patrick Collison

John Collison

BOARD MEMBERS AND ADVISORS

Michael Moritz

Hemant Taneja

Scott Raney

NUMBER OF EMPLOYEES

1000+

INVESTORS:

500 Startups UK

Allen & Company

Alven

American Express Ventures

and Paul Buchheit.

Andreessen Horowitz

Atomico

Barclays

BoxGroup

CapitalG

Darwin Ventures

Designer Fund

DST Global

Entree Capital

FJ Labs

Founders Fund

Galactic Coffee Capital

General Catalyst Partners

Giant Leap Fund

Golden Gate Ventures

Goldman Sachs

GV

JPMorgan Chase & Co.

Khosla Ventures

Kleiner Perkins

Lowercase Capital

Moment Ventures

Morgan Stanley

Paua Ventures

Playfair Capital

Plus Capital

RedPoint Ventures

Salesforce

Sequoia Capital

Square Peg Capital

Sumitomo Mitsui Financial Group

SV Angel

Thrive Capital

Tiger Global Management

TrueBridge Capital Partners

Union Square Ventures

Visa

Y Combinator

KEY EMPLOYEES:

Claire Hughes Johnson (Chief Operating Officer)

Will Gaybrick (CFO & CPO)

Billy Alvarado (Chief Business Officer)

Susan Fowler (Engineer)

Uma Chingunde (Engineering Manager)

Cristina Cordova (Business Development)

Jon Zieger (General Counsel)

Jeanne DeWitt (Head of Sales

US & Canada)

Eeke de Milliano (Product Manager)

Felix Huber (Head of Northern Europe)

Kelly Sims (Head of communications)

Romain Huet (Head of Global Developer Relations)

Peiter Zatko (Head of Security)

Jeff Weinstein (Product Manager)

Raylene Yung (Head of Payments)

Niels Provos (Head of Security)

James Allgrove (Head of Growth

UK) U

Melissa Strait (US Compliance Officer)

Paul Tarjan (Software Engineer)

Peter Arzhintar (Engineer)

Karla Burnett (Engineer)

Dylan Vassallo (Engineering Manager)

Justin Overdorff (Business Development & Partnerships)

Belal Aftab (New Markets)

Julia Evans (Software engineer)

Michael Manapat (Engineering Manager)

Aditya Mukerjee (Risk Engineer)

Vicki Lin (Ecosystem)

Edouard de la Jonquiere (EMEA Financial Partnerships)

Guillaume Princen (Head of Continental Europe)

Nir Dremer (Product)

Tianshi Zhu (Software Engineer)

Brian Collins (Software Engineer)

Chris Traganos (Developer Advocacy)

Kelley Rivoire (Engineering Manager)

Olivier Godement (Partnerships

Product

Europe) E

David Schreiber (Business Operations/Growth)

Andreas Fuchs (Hacker)

Iain McDougall (UK Country Manager)

Beth Robertson (Startup Growth Lead)

Amy Nguyen (Infrastructure Engineer)

Brian Krausz (Product Engineer)

Wilson Miner (Product Designer)

Danika Lyon (Strategic Partner Manager)

Franklin Hu (Engineer)

Nubi Kay (User Ops)

Mac Wang (Head of Australia

New Zealand)

Sandro Gianella (European Public Policy Manager)

COMMENT:

1. Patrick Collison is an Irish entrepreneur from Limerick County. He is the Co-founder & CEO of Stripe. He won the 41st Young Scientist,Technology Exhibition in 2005 at the age of 16. 2. John Collison is the Founder & President at Stripe (since 2010). Before that, he attended Harvard College.

Momentum

FUNDED

YES

TOTAL FUNDING

$876.5 M

DATE OF LAST FUNDING

Apr 2020

TOTAL FUNDING COMMENT

The company will use its funds for product development, global expansion, and bring new services & features for larger customers. (Jan. 2019)

SEED CLOSED ON

Aug 2010

FUNDING SERIES

SERIES A  · $18 M  · Feb 2012

SERIES B  · $20 M  · Jul 2012

SERIES C  · $80 M  · Jan 2014

SERIES D  · $150 M  · Nov 2016

SERIES E  · $100 M  · Jan 2019

SERIES F  · $250 M  · Sep 2019

SERIES G  · $250 M  · Sep 2019

OTHERS  · $8.5 M · Jan 2019

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2010

LOCATION:

United States

Views:

526 VISITORS | 1393 VIEWS
LATEST FUNDING ROUND

$877 M

TOTAL EMPLOYEES
1000+

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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Momentum+
Traction+
People+
Other+

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