FOUNDING YEAR: 2010LOCATION:United StatesREGION:CaliforniaLast Update:14 Feb, 2020
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.
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:Viewable by subscribers only
MAIN CLIENTS:Shopify, Lyft, TaskRabbit, , Harry's, and Kickstarter.
EXISTING PARTNERSHIPS:, , and WeChat Pay.
COMMENTThe 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.
FOUNDERS:John Collison ,
Board Members and Advisors:Michael Moritz, Hemant Taneja, Scott Raney
NUMBER OF EMPLOYEES:1000+
INVESTORS:, , DST Global, Kleiner Perkins, , Thrive Capital, General Catalyst Partners, , CapitalG, JPMorgan Chase & Co., , Morgan Stanley, Barclays, Sumitomo Mitsui Financial Group, Alven, , American Express Ventures, Paua Ventures, Founders Fund, Allen & Company, Redpoint Ventures, , , Moment Ventures, FJ Labs, Galactic Coffee Capital, Lowercase Capital, 500 Startups UK, Playfair Capital, Entree Capital, TrueBridge Capital Partners, , BoxGroup, Giant Leap Fund, , , , Plus Capital, Darwin Ventures, Square Peg Capital, , Designer Fund, and Paul Buchheit.
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), 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), 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 and 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.
VALUATION / MARKET CAP:$2.25 Billions in 2019
VALUATION COMMENTAfter the latest funding round, the company's valuation is at $22.5 billion. (Jan. 2019)
REVENUE:$10M+ in 2015
REVENUE COMMENT:Viewable by subscribers only
TRANSACTIONS VALUE:$10 Billion 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)
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)
TOTAL FUNDING:$1.04 Billions
DATE OF LAST FUNDING:Sep 2019
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 & PRIOR FUNDING:$2 Millions
SEED CLOSED ON:Mar 2011
$18 Million Closed: Feb 2012
$20 Millions Closed: Jul 2012
$250 Millions Closed: Jul 2015
$150 Million Closed: Nov 2016
$345 Millions Closed: Jan 2019
$250 Millions Closed: Sep 2019
$8.5 Millions Closed: Jan 2019