Stripe is a financial technology company that builds economic infrastructure for the internet. The company offers an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments through the use of custom-built forms. Stripe's software and APIs allow user's to accept payments, send payouts and manage businesses online. The company serves clients globally with a use case for SaaS, platforms, marketplaces, eCommerce, creator economy, crypto and embedded finance. It was founded in 2010 and is based in San Francisco, California.
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ESPs containing Stripe
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These companies enable SMBs to seamlessly manage payments by providing APIs and infrastructure tech that act like credit card processors.
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Research containing Stripe
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CB Insights Intelligence Analysts have mentioned Stripe in 75 CB Insights research briefs, most recently on Jan 23, 2023.
Expert Collections containing Stripe
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Stripe is included in 13 Expert Collections, including Digital Health.
Startups recreating how healthcare is delivered
Unicorns- Billion Dollar Startups
Gig Economy Value Chain
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Stripe has filed 101 patents.
Payment systems, Credit cards, Contactless smart cards, Payment cards, Merchant services
Payment systems, Credit cards, Contactless smart cards, Payment cards, Merchant services
Latest Stripe News
Jan 26, 2023
Tech firms, Wall Street lead job cuts in corporate America SECTIONS Reuters Rate Story Synopsis Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks to trim their workforce. ETtech Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks to trim their workforce. As a pandemic-led demand boom rapidly fades, tech companies shed more than 150,000 workers in 2022, according to tracking site Layoffs.fyi, and more layoffs are expected as growth in the world's biggest economies start to slow. Here are some of the job cuts by major American companies announced in recent weeks. Tech, Media and Telecom Spotify Technology SA: Alphabet Inc: Microsoft Corp: The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The company laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. Amazon.com Inc: Meta Platforms Inc: The Facebook-parent said it would cut 13% of its workforce, or more than 11,000 employees, as it grapples with a weak advertising market and mounting costs. Intel Corp: CEO Pat Gelsinger told Reuters "people actions" would be part of a cost-reduction plan. The chipmaker said it would reduce costs by $3 billion in 2023. Twitter Inc: The social media company has aggressively cut its workforce across teams ranging from communications and content curation to product and engineering following Elon Musk's $44 billion takeover. Lyft Inc: The ride-hailing firm said it would lay off 13% of its workforce, or about 683 employees, after it already cut 60 jobs earlier this year and froze hiring in September. Salesforce Inc: The software company said it would lay off about 10% of its employees and close some offices as a part of its restructuring plan, citing a challenging economy. Cisco Systems Inc: The networking and collaboration solutions company said it will undertake restructuring which could impact roughly 5% of its workforce. The effort will begin in the second quarter of the fiscal year 2023 and cost the company $600 million. HP Inc: The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. Financial sector Goldman Sachs Group Inc: Goldman Sachs began laying off staff on Jan. 11 in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source familiar with the matter told Reuters. The job cuts are expected to be just over 3,000, one of the sources said on Jan. 9, in what would be the biggest workforce reduction for the bank since the financial crisis. Morgan Stanley: The Wall Street powerhouse is expected to start a fresh round of layoffs globally in the coming weeks, Reuters reported on Nov. 3, as dealmaking business takes a hit. Citigroup Inc: The bank eliminated dozens of jobs across its investment banking division, as a dealmaking slump continues to weigh on Wall Street's biggest banks, Bloomberg News reported. BlackRock Inc: Genesis: The cryptocurrency firm has cut 30% of its workforce in a second round of layoffs in less than six months, a person familiar with the matter told Reuters. Coinbase Global: The cryptocurrency exchange said it would slash nearly 950 jobs, the third round of workforce reduction in less than a year after cryptocurrencies, already squeezed by rising interest rates, came under renewed pressure following the collapse of major exchange FTX. Stripe Inc: The digital payments firm is cutting its headcount by about 14% and will have about 7,000 employees after the layoffs, according to an email to employees from the company's founders. Consumer and Retail Beyond Meat Inc: The vegan meat maker said it plans to cut 200 jobs this year, with the layoffs expected to save about $39 million. Blue Apron Holdings Inc: The online meal-kit company said it will cut about 10% of its corporate workforce, as it looks to reduce costs and streamline operations. The company had about 1,657 full-time employees, as of Sept. 30. DoorDash Inc: The food delivery firm, which enjoyed a growth surge during the pandemic, said it was reducing its corporate headcount by about 1,250 employees. Bed Bath & Beyond: The retailer will lay off more employees this year in an attempt to reduce costs. Last year, company executives had said the home goods retailer was cutting about 20% of its corporate and supply chain workforce. Energy and Resources The refiner reduced employee headcount by over 1,100 as it seeks to meet its 2022 cost savings target of $500 million. The reductions were communicated to employees in late October. Health and Pharma Johnson & Johnson: The pharmaceutical giant has said it might cut some jobs amid inflationary pressure and a strong dollar, with CFO Joseph Wolk saying the healthcare conglomerate is looking at "right sizing" itself. Manufacturing The industrial conglomerate said it would cut 2,500 manufacturing jobs after reporting a lower profit. (Reporting by Deborah Sophia in Bengaluru; Additional reporting by Akash Sriram, Granth Vanaik, Eva Mathews, Yuvraj Malik, Priyamvada C and Manya Saini; Editing by Vinay Dwivedi, Shinjini Ganguli, Maju Samuel, Shounak Dasgupta and Sriraj Kalluvila) Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Thursday, 26 Jan, 2023 Two of the early backers of Flipkart — venture fund Accel Partners and New York-based investment firm Tiger Global are in talks to sell their remaining stake in the ecommerce company — which collectively amounts to about 5% — to its parent Walmart, multiple people aware of the matter told ET.
Stripe Frequently Asked Questions (FAQ)
When was Stripe founded?
Stripe was founded in 2010.
Where is Stripe's headquarters?
Stripe's headquarters is located at 510 Townsend Street, San Francisco.
What is Stripe's latest funding round?
Stripe's latest funding round is Corporate Minority - II.
How much did Stripe raise?
Stripe raised a total of $2.901B.
Who are the investors of Stripe?
Investors of Stripe include Shopify, Sequoia Capital, Baillie Gifford & Co., National Treasury Management Agency, AXA and 36 more.
Who are Stripe's competitors?
Competitors of Stripe include Imburse Payments, Prelude Software, Yoco, Dintero, Prommt, Wallet Engine, Clearcover, Balance, TouchBistro, Moov and 168 more.
Compare Stripe to Competitors
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YapStone is a global provider of web and mobile payment technology solutions, offering a platform that powers electronic payments for international online and mobile marketplaces, including HomeAway and VRBO, as well as for targeted, large vertical markets, including apartment and vacation rentals, HOA communities, self-storage and non-profits. YapStone develops tailored payment solutions to address partner needs.
Pine Labs offers cloud-based point-of-sale (PoS) payments solutions, allowing merchants to accept credit or debit card payments, as well as methods such as e-wallets, QR code payment solutions, and unified payments interface (UPI)-based solutions.
Rapyd builds technology that removes the back-end complexities of cross-border commerce while providing local payments expertise. Global e-commerce companies, technology firms, marketplaces, and financial institutions use its fintech-as-a-service platforms—Collect, Disburse, Wallet, and Issuing—to embed localized fintech and payments capabilities into their applications in a simple way.
Mollie builds payment products, commerce solutions, and APIs that let users accept online and mobile payments for small online stores and Fortune 500 companies.
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