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Stripe, Inc.
Stripe Logo, revised 2016.svg
Type of business Private
Founded September 29, 2011; 6 years ago (2011-09-29)
Headquarters San Francisco, California
Area served

Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Japan, Hong Kong, Luxembourg, Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, United Kingdom, United States
Public beta Italy, Portugal

Private beta Brazil, Mexico, India
Founder(s) Patrick Collison
John Collison
CEO Patrick Collison
Industry Payment processor
Services Payments
Subscriptions
Connect
Relay
Atlas
Radar (fraud prevention)
Employees 1000[1] (December 2017)
Website stripe.com
Current status Active

Stripe is a technology company.[2] Its software allows individuals and businesses to receive payments over the Internet. Stripe provides the technical, fraud prevention, and banking infrastructure required to operate on-line payment systems.[3]

Payment logistics[edit]

Stripe provides APIs that web developers can use to integrate payment processing into their websites and mobile applications.[4][5] In April 2018, the company released anti-fraud tools that run alongside payments APIs to block fraudulent transactions.[6]

History[edit]

Irish entrepreneurs John and Patrick Collison founded Stripe in 2010.[5][7] In June 2010, Stripe received seed funding from Y Combinator, a start-up accelerator.[8] In May 2011, Stripe received a $2 million investment from venture capitalists Peter Thiel, Sequoia Capital, and Andreessen Horowitz.[9] In February 2012, Stripe received an $18 million Series A investment led by Sequoia Capital at a $100 million valuation.[10] Stripe launched publicly in September 2011 after an extensive private beta.[11] Less than a year after its public launch, Stripe received a $20 million Series B investment.[12] In March, 2013, Stripe acquired chat and task-management application Kick-off.[13]

Reception[edit]

In 2016, Stripe was ranked number four on the Forbes magazine Cloud 100, a list of companies that engage in cloud computing.[14] In 2017, Stripe was ranked number one on the Forbes Cloud 100.[15]

See also[edit]

References[edit]

  1. ^ "Stripe: Press resources". stripe.com. 
  2. ^ "Inside Stripe, The PayPal Competitor Backed By PayPal Founders Peter Thiel, Elon Musk". 
  3. ^ "Stripe". CNBC. 
  4. ^ Carr, Austin (February 1, 2012). "Inside Stripe, The Paypal Competitor Backed By Paypal Founders Peter Thiel, Elon Musk". FastCompany. Retrieved April 2, 2014. 
  5. ^ a b "The Collison Brothers and Story Behind The Founding Of Stripe". Startup Grind. February 9, 2012. Archived from the original on April 7, 2014. Retrieved April 2, 2014. 
  6. ^ Lunden, Ingrid. "Stripe debuts Radar anti-fraud AI tools for big businesses, says it has halted $4B in fraud to date – TechCrunch". techcrunch.com. Retrieved 2018-04-18. 
  7. ^ Brockman, Greg (April 2, 2014). "How Did Stripe Come Up With Its Name?". Forbes. Retrieved April 2, 2014. 
  8. ^ "Stripe Press resources". 
  9. ^ Arrington, Michael (March 28, 2011). "Stealth Payment Startup Stripe Backed By PayPal Founders". TechCrunch. Retrieved February 14, 2014. 
  10. ^ Mitroff, Sarah (February 9, 2012). "Stripe attracts $18M in funding at $100M valuation". VentureBeat. Retrieved February 14, 2014. 
  11. ^ "Stripe: instant payment processing for developers". Hacker News. September 29, 2011. Retrieved February 14, 2014. 
  12. ^ Tsotsis, Alexia (July 9, 2012). "Sexy Payments Startup Stripe Swipes $20M From General Catalyst, Sequoia, Thiel And More". TechCrunch. Retrieved February 14, 2014. 
  13. ^ Rao, Leena. "Payments Company Stripe Makes First Acquisition, Buys Team Task Management And Collaboration App Kickoff". TechCrunch. Retrieved 16 January 2014. 
  14. ^ "Forbes Cloud 100". Forbes. Retrieved 28 October 2016. 
  15. ^ Konrad, Alex. "Forbes Cloud 100: Meet The Hottest Companies In Cloud Computing For 2017". Forbes. Retrieved 2017-12-11. 

External links[edit]

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