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.

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.