Stripe

paymentssoftware/whitelabel/apis-paymentsprocessors

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 17/07/2020

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About

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.

MEDICI Analysis

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)

COMPANY TYPE:

For Profit

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)

company provided insights

Acquisitions

ACQUIREE NAME

Payable

ANNOUNCED DATE

Jul 2017

PRICE

---

ACQUIREE NAME

Paystack

ANNOUNCED DATE

Oct 2020

PRICE

$200 M

ACQUIREE NAME

Touchtech payments

ANNOUNCED DATE

Apr 2019

PRICE

---

ACQUIREE NAME

Teapot

ANNOUNCED DATE

Oct 2016

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

17,758,327

AVERAGE VISITS (6 MONTHS)

14,565,864.97

MONTHLY VISITS GROWTH

9.57%

VISIT DURATION

406

VISIT DURATION GROWTH

24.69%

PAGE VIEWS VISIT

5.18

PAGE VIEWS VISIT GROWTH

-3%

BOUNCE RATE

46.15%

BOUNCE RATE GROWTH

0.5%

GLOBAL TRAFFIC RANK

2,365

MONTHLY RANK CHANGE

-401

MONTHLY RANK GROWTH

-14.5%

Innovation Programs

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