• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    9 Sep, 2019

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

FOUNDERS:
Patrick Collison, John Collison
Board Members and Advisors:
Michael Moritz, Hemant Taneja, Scott Raney
NUMBER OF EMPLOYEES:
1000+
INVESTORS:
Sequoia Capital, Andreessen Horowitz, DST Global, Kleiner Perkins, Khosla Ventures, Thrive Capital, General Catalyst Partners, Tiger Global Management, CapitalG, JPMorgan Chase & Co., Goldman Sachs, Morgan Stanley, Barclays, Sumitomo Mitsui Financial Group, Alven, Visa, American Express Ventures, Paua Ventures, Founders Fund, Allen & Company, Redpoint Ventures, SV Angel, Y Combinator, Moment Ventures, FJ Labs, Galactic Coffee Capital, Lowercase Capital, 500 Startups UK, Playfair Capital, Entree Capital, TrueBridge Capital Partners, GV, BoxGroup, Giant Leap Fund, Salesforce, Golden Gate Ventures, Union Square Ventures, Plus Capital, Darwin Ventures, Square Peg Capital, Atomico, Designer Fund, and Paul Buchheit.
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.

TRACTION

VALUATION / MARKET CAP:
$2.25 Billions 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:
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)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$785 Millions
DATE OF LAST FUNDING:
Jan 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
LISTED:
NO

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