Inside Stripe: From 2010 to Now Into a ~$9.8 billion business
Startup Type:
Headquarter: South San Francisco, USA
Current Status: Active (privately held; anticipated IPO)
Founders: Patrick Collison, John Collison
Founded Year: 2010
Investors: General Catalyst, Sequoia Capital, Andreessen Horowitz
Funding Raised: ~$9.8 billion
What Is the business model of Stripe?
Online payments platform that charges transaction fees to businesses for payment processing services
How Stripe got started?
Launched through Y Combinator to simplify online payments for developers, after the Collison brothers saw how difficult integrating payments was for small websites
what growth strategy has Stripe followed?
Grew by focusing on developers as customers with easy-to-integrate APIs, and expanded its product suite to increase revenue per user
what are the top products/features of Stripe
Stripe payments API, Stripe Connect marketplace payments, Stripe Atlas startup incorporation service
what was the biggest challenge faced by Stripe?
Navigating complex financial regulations and banking partnerships in multiple countries while scaling a payments infrastructure globally