Stripe - Transferring Money and Happiness

Stripe - Transferring Money and Happiness
Stripe - Transferring Money and Happiness

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We all love using credit and debit cards to pay both online and offline. Life is easier now because we don't need to carry cash anymore. It was quite difficult earlier to pay through websites as it involved a few expenses. However, nowadays we find that everything has changed!

Stripe is a leading processor in online payments. It is an American software as a service and financial services company. The company offers application programming interfaces for e-commerce websites and mobile applications and it is a payment processing software. Read the Stripe success story below.

Stripe - Company Highlights

Company Name Stripe
Headquarters San Francisco, California, United States
Sector SaaS, Internet
Founders Patrick Collison, John Collison
Founded 2010

Stripe - About
Stripe - Startup Story
Stripe - Founders and Team
Stripe - Business Model
Stripe - Revenue Model
Stripe - Funding and Investors
Stripe - Growth
Stripe - Product And Service
Stripe - Partnership
Stripe - Acquistion
Stripe - Investment
Stripe - Competitors
Stripe - Future Plans

Stripe - About

Stripe is a company that builds economic infrastructure for the Internet. Companies like Facebook use the company's software to approve online fees and operate complex global strategies. It is very useful for small businesses and new startups. The company aims to help more companies to get started and grow the GDP of the internet.

Stripe - Startup Story

Stripe Story

The two Collison brothers started working on Stripe together in 2010. During that period, Patrick was working on various side projects and they argued that why was it so difficult to accept fees on the web. The brothers thought of solving the problem and finding a solution to make it simple. The next six months Collison brothers dealt with it, showed it to the friends and noticed how people were interacting with it all along. Within two weeks of building the application, the brothers had their first transaction with a company named as 280 North. The founder of the company was the first customer and he joined Stripe. He was the first employee of Stripe.

Stripe - Founders and Team

The founders of Stripe are the two brothers - Patrick Collison and John Collison.

  • Patrick Collison is an Irish entrepreneur and billionaire. He is the co-founder and the CEO of Stripe. Patrick is the elder brother and at the age of sixteen, he won the 41st Young Scientist and Technology Exhibition in 2005.
  • John Collison is also an Irish entrepreneur and billionaire. He is the co-founder of Stripe. John is the younger brother and Cofounder of Stripe.
Patrick Collison and John Collison (left to right), Founders, Stripe

Stripe - Business Model

The company boasts of the product business model it has. It offers secure, fast and simple online transactions for businesses. Stripe is a payment processor that can be incorporated into mobile applications and websites. Furthermore, it does not charge a monthly fee and it is only available for the businesses. Stripe provides fraud prevention and banking infrastructure to facilitate payments over the web. It does not allow consumers' payment information to pass through the merchant's server. The information is only accessible to Stripe. This proves that the application is safe and it reduces the amount of risk.

Stripe has some other products through which it makes money. Some of them are listed below:


It helps customers to invoice their clients, analyze subscription revenues, and curate schedules on when to charge the customer.


It is an application based on machine learning that helps customers to fish out fraudulent transactions. They flag any suspicious transactions from further making the payment. Since the app is integrated with Stripe, Radar has a vast repository of data from which it can make a decision.


By paying a nominal infrastructure fee, customers can use Sigma to access transaction data through SQL queries. Sigma is the data warehousing tool of Stripe.


It is a card reader that allows card payment across the globe. Since the terminal is also directly integrated with Stripe, it can compare payments.

Premium Support

It is an initiative by Stripe to provide 24*7 technical and operational support to its customers from all ranges. Depending on the company’s size, the cost of the service varies. Their services are accessible via phone, mail, and chat.

Stripe Capital

Through Stripe Capital, customers can borrow money directly from Stripe. Stripe generates revenue through the interest that they derive from these loans.

Strategic Disinvestment

With a large amount of data to analyze and infer various investments, Stripe can easily understand the future of any kind of investment that they have made. Stripe sells the shares that it bought from other startups for more money than what it had invested in it.

Stripe - Revenue Model

The revenue model is very simple here. It earns from the fees it charges to its customers. The fees always vary based on the value of the payments. The revenue model has been constant since day one. The company has got different packages on the selected products and for every transaction, the company charges a 2.9 or a 0.30% fee. This is a fixed fee which is applied to every successful transaction done through their site. For international transactions, the company charges 1% more, which becomes 3.9%.

Stripe Vs PayPal - Can You Difference Between Them?
As you know very well that in online activities it’s been easy to accept creditand debit card payments online. But a few years ago, if you wanted to makepayments through your website it involved some expenses. But everything got changed using two payment gateways that are stripe and PayPal. Stri…

Stripe - Funding and Investors

Stripe has raised around $8.7 billion over the 20 rounds of funding that it received till date. The last funding round that the company saw came on 25th April 2023. Here's a look at the major rounds of funding that Stripe witnessed throughout the years -

Date Transaction Name Money Raised Lead Investors
April 25, 2023 Grant €10.1M
March 15, 2023 Series I $6.5B Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, Thrive Capital
July 14, 2021 Secondary Market - -
March 14, 2021 Series H $600 million Allianz X, AXA Group Fidelity Management
May 28, 2020 Secondary Market - -
April 16, 2020 Series G $600 million -
September 19, 2019 Series G $250 million General Catalyst and Andreessen Horowitz
January 29, 2019 Series E $100 million Tiger Global Management
September 27, 2018 Series E $245 million Tiger Global Management
November 25, 2016 Series D $150 million General Catalyst and CapitalG
July 31, 2015 Series C $100 million -
December 2, 2014 Series C $70 million Thrive Capital
May 15, 2014 Series B $3.2 million -
January 22, 2014 Series C $80 million Founders Fund
July 9, 2012 Series B $20 million General Catalyst
February 9, 2012 Series A $18 million Sequoia Capital
March 28, 2011 Seed Round $2 million -
August 2, 2010 Seed Round - Y Combinator

The company is funded by 57 investors, where there are 15 lead investors.

Stripe - Growth

The mission of the company is to increase the GDP of the internet. The company is growing through the relationships it has made with its customers. During the pandemic, the company generated $1 billion in revenue. Three months later the revenue was $9 billion.

Stripe - Product And Service

Checkout Suite

The US-based payments processor Stripe has improved its checkout suite with new capabilities to boost users' income through more efficient payment procedures on September 19, 2023.

Charge Card

According to TechCrunch, the Fintech behemoth Stripe has revealed intentions to launch a new charge card for its business card issuance service as per news report of June, 2, 2023. Prior to this, only pre-funded accounts could be used to make purchases with cards that Stripe supplied. With the recent expansion of debit cards, businesses will be able to provide their clients with virtual or real debit cards, allowing them to use credit cards for purchases instead of simply their account cash.

Stripe announced the Stripe US Fiat On-Ramps called Link in conjunction with MetaMask: a partnership. With just one click, Stripe's fiat on-ramp tool Link transforms fiat dollars into cryptocurrency, streamlining the purchasing process. Integrating Stripe's Link into decentralized apps and platforms takes care of compliance requirements, including fraud, KYC, and verification

Stripe - Partnership


In order to give retailers the resources they need to thrive in the modern digital economy, MatchMove, a provider of embedded finance solutions, announced a partnership with Stripe on July 18, 2023, a global financial infrastructure platform for businesses.

LG Electronics

In an effort to enhance the overall checkout process and payment options for Singaporean consumers, LG Electronics has established a partnership with Stripe on November 3, 2023.


ZenBusiness and Stripe, a payment processor, have combined to improve the way SMEs handle their finances on November 9, 2023. With this recently announced integration, Stripe's safe and intuitive payment processing will be integrated with ZenBusiness Money Pro, a small business owner tool that tracks all spending, income streams, mileage, and tax deductions in real time.

Stripe - Acquistion

Stripe has acquired 14 companies and has exited from one:

Company Name Date Price
Okay May 31, 2023 -
OpenChannel Dec 6, 2021 -
Recko Oct 20, 2021 -
Bouncer May 14, 2021 -
TaxJar Apr 27, 2021 -
Paystack Oct 15, 2020 $200M
Touchtech Payments Apr 17, 2019 -
Index Mar 8, 2018 -
Payable Jul 26, 2017 -
Indie Hackers Apr 11, 2017 -


Company Name Date Price
Paystack - -

Stripe - Investment

Stripe has invested in 64 companies to date, some of the companies are listed below:

Company Name Date Funding Round Price
Ramp Aug 23, 2023 Series D $300M
Archive Jun 12, 2023 Seed Round $4M
Upollo Nov 30, 2022 Seed Round A$4.2M
Complete Aug 22, 2022 Seed Round $4M
WorqHat Aug 11, 2022 Seed Round $500K
Pulley Jul 13, 2022 Series B $40M

Stripe - Competitors

The top competitors of Stripe are PayPal, Square and Adyen.

  • PayPal is the top competitor of Stripe. It is headquartered at San Jose, California and was founded in 1998. It is a Public company, which operates in the Fintech field.
  • Square is also one of the competitors of Stripe. It is headquartered at San Francisco, California, USA. Founded in 2009, Square also works in the Fintech space.
  • Adyen is one among the top rivals of Stripe. It is headquartered at Amsterdam, Noord-Holland. The company operates in the Fintech sector and was founded in 2006.

Stripe - Future Plans

Stripe slowly plans to extend its business to involve cryptocurrency services. They recently announced that a special team for crypto has been set up. Stripe is also working towards web3 - which refers to a new, decentralized version of the internet. They also plan on expanding their reach to the gulf region.

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What is Stripe?

Stripe Payments is a payment processing platform. It allows you to transfer money from a customer's bank account into your business's account by way of a credit or debit card transaction.

Is stripe safe for payment?


How does Stripe work technically?

Stripe is a PSP (Payment Service Provider) that lets business owners collect payments, including recurring payments, and transfer them directly to their own account instantly. It processes the payment, checks for fraud, and takes a fee of 2.9% plus 30 cents.

What Is the Biggest Difference Between Stripe vs PayPal?

One of the biggest differences is the type of user they're designed for. For example, Stripe was built with developers in mind and is ideal if you want a payment processor that offers a lot of customization and developer tools. PayPal is a better option if you're looking for a simple, straightforward solution for accepting payments through your website.

Can You Use Both Stripe and PayPal for Your Website?

If you don't want to choose between which payment processor you use, using both to accept payments is an option. The benefit of this is that you're able to let your customers select their preferred method of payment at checkout. On the other hand, managing your business finances on multiple platforms can be challenging and may lead to unnecessary costs.

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