• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    14 Feb, 2020

Description

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:
Viewable by subscribers only
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.

PEOPLE

MEDICI analysts will analyze Stripe soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
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
FUNDING SERIES:
SERIES A
$18 Million Closed: Feb 2012
SERIES B
$20 Millions Closed: Jul 2012
SERIES C
$250 Millions Closed: Jul 2015
SERIES D
$150 Million Closed: Nov 2016
SERIES E
$345 Millions Closed: Jan 2019
SERIES F
$250 Millions Closed: Sep 2019
Others
$8.5 Millions Closed: Jan 2019
LISTED:
NO

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