Predict your next investment

Corporation
INTERNET | Internet Software & Services / Payments
stripe.com

See what CB Insights has to offer

Founded Year

2010

Stage

Corporate Minority - II | Alive

Total Raised

$2.901B

Last Raised

$350M | 7 mos ago

Revenue

$0000 

About Stripe

Stripe is a 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 Headquarter Location

510 Townsend Street

San Francisco, California, 94103,

United States

415-298-5539

Latest Stripe News

​​Increase sales with a better payments experience: Stripe’s top tips (Sponsored)

Jan 10, 2022

By To help startups across Europe fuel and enhance their ecommerce checkout flows, Stripe launched a state of European checkouts report in partnership with Edgar, Dunn & Company in September 2021. The data revealed that 9 out of 10 lost sales in Europe fail on the checkout page. In fact, 94% of the top 800 ecommerce websites across Europe make at least five basic checkout errors. Stripe recently hosted a 30-minute webinar to share the findings from the report featuring the most common checkout errors, and how to fix them. Leaders from three high-growth European startups—Patch Plants, Buymie, and Butternut Box—joined a fireside chat where they discussed how to deliver the best checkout experience. They outlined four key ways to build a high-performing checkout: intelligent form design, mobile optimisation, localisation, and ensuring buyer trust and security. Intelligent checkout form design  ​​Stripe found that automating elements of the checkout makes a massive difference to a successful checkout experience. Its recent research showed that a staggering 61% of European checkouts don’t support autocomplete, and 75% of websites don’t let consumers save their information. Stripe recommends including auto-complete on checkout forms as a simple way to increase conversions on your site. The COO of Patch Plants highlighted how intelligent form design has massively improved their business:  “Auto-populating delivery addresses was one of the first things we experimented with in our checkout. We’ve seen significant conversion improvements as a result, and it adds a huge degree of seamlessness to our customer experience.” Checkouts need to be fully mobile-optimised When up to 50% of ecommerce sales come from smartphones, it’s a no-brainer that checkouts should be fully mobile-optimised for consumers. However, Stripe found that carts on mobile devices are twice as likely to be abandoned than on a desktop. Stripe recommends adding mobile wallets, such as Apple Pay and Google Pay, as payment options in the checkout. This creates the opportunity for businesses to offer a one-click payment experience that, on average, is three times faster than having to manually enter payment details. Localise the checkout Localising your checkout is extremely important when selling into different markets. It must feel familiar to the consumer’s everyday shopping and checkout experiences. Stripe recently analysed the impact of accepting popular European payment methods in Austria, Belgium, Germany, the Netherlands, and Poland. By enabling local payment methods, businesses saw a 40% incremental increase in sales and transaction fees were reduced by 0.4 percentage points, which drove further revenue growth. Failure to automatically surface key local payment methods can be a major missed opportunity. Win over trust  Stripe found that buyer security is one of the biggest influential factors to a consumer’s checkout experience; it can truly make or break the transaction. A checkout with too many security steps is off-putting, while not having enough leaves a site feeling illegitimate and could deter consumers from completing a purchase. The general consensus from the panelists was that in order to find a balance, you have to lead with open communication, transparency, and progressively disclose security details so consumers don’t feel overwhelmed. The stakes are higher than ever before Consumer expectations have changed, and creating a seamless checkout experience is more important than ever. With ecommerce booming, there’s never been a better time for startups to focus on their checkout experience to drive incremental growth.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

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 7 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

963 items

2

2018 Fintech 250

998 items

S

SMB Fintech

1,499 items

G

Gig Economy Value Chain

155 items

Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry

P

Payments

1,767 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

T

Tech IPO Pipeline

568 items

Stripe Patents

Stripe has filed 58 patents.

The 3 most popular patent topics include:

  • Payment systems
  • Computer memory
  • Payment service providers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/8/2020

1/4/2022

Machine learning, Software architecture, Configuration management, Cloud storage, Systems engineering

Grant

Application Date

9/8/2020

Grant Date

1/4/2022

Title

Related Topics

Machine learning, Software architecture, Configuration management, Cloud storage, Systems engineering

Status

Grant

Stripe Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Stripe Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.