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Stripe, Inc.
Stripe, Inc. is an Irish-American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States, and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.
Stripe is the largest privately owned fintech company with a valuation of about $107 billion and over $1.4 trillion in payment volume processed in 2024.
Irish entrepreneur brothers John and Patrick Collison founded Stripe in Palo Alto, California, in 2010, and serve as the company's president and CEO, respectively. In 2011 the company received a $2 million investment, including contributions from Elon Musk, PayPal founder Peter Thiel, Irish entrepreneur Liam Casey, and venture capital firms Sequoia Capital, Andreessen Horowitz, and SV Angel.
In March 2013, Stripe made its first acquisition, Kickoff, a chat and task-management application. In 2012 the company moved from Palo Alto to San Francisco. In October 2019, the company announced that it would be moving from the South of Market area to Oyster Point in the neighbouring city of South San Francisco in 2021. In February 2021, Mark Carney, former governor of the Bank of Canada and of the Bank of England, was appointed to the company's board.
Stripe acquired accountancy platform Recko in October 2021 whose solution was to be added to Stripe's existing suite of financial tools.
In January 2022, Stripe entered a five-year partnership with Ford Motor Company. Through the deal, Stripe would handle transactions for consumer vehicle orders and reservations. That same month, Stripe partnered with Spotify to help creators monetize subscriptions, accept payments and launch recurring revenue streams. In April 2022, Twitter announced that it would partner with Stripe Inc (digital payments processor) for piloting cryptocurrency pay-outs for limited users in the platform. "The crypto payments will be routed through Stripe Connect, which will also handle KYC requirements", Stripe said. The company announced it was also planning to add options for payment in other cryptocurrencies in the future.
In April 2022, Stripe announced its strategic partnership with UK-based fintech company ION. The Wall Street Journal reported in July 2022 that the company's internal share price had fallen, causing its implied valuation to drop from $95 billion to $74 billion. In November 2022, the company announced it intended to initiate layoffs, terminating some 14% of their workforce.
Throughout 2022 and 2023, the company announced a number of large enterprise customers including Airbnb, Amazon, Microsoft, Uber, BMW, Maersk, Zara, Lotus, Alaska Airlines, Le Monde, and Toyota. The company also announced in March 2023 that OpenAI is working with Stripe to commercialize its generative AI technology.
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Stripe, Inc.
Stripe, Inc. is an Irish-American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States, and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.
Stripe is the largest privately owned fintech company with a valuation of about $107 billion and over $1.4 trillion in payment volume processed in 2024.
Irish entrepreneur brothers John and Patrick Collison founded Stripe in Palo Alto, California, in 2010, and serve as the company's president and CEO, respectively. In 2011 the company received a $2 million investment, including contributions from Elon Musk, PayPal founder Peter Thiel, Irish entrepreneur Liam Casey, and venture capital firms Sequoia Capital, Andreessen Horowitz, and SV Angel.
In March 2013, Stripe made its first acquisition, Kickoff, a chat and task-management application. In 2012 the company moved from Palo Alto to San Francisco. In October 2019, the company announced that it would be moving from the South of Market area to Oyster Point in the neighbouring city of South San Francisco in 2021. In February 2021, Mark Carney, former governor of the Bank of Canada and of the Bank of England, was appointed to the company's board.
Stripe acquired accountancy platform Recko in October 2021 whose solution was to be added to Stripe's existing suite of financial tools.
In January 2022, Stripe entered a five-year partnership with Ford Motor Company. Through the deal, Stripe would handle transactions for consumer vehicle orders and reservations. That same month, Stripe partnered with Spotify to help creators monetize subscriptions, accept payments and launch recurring revenue streams. In April 2022, Twitter announced that it would partner with Stripe Inc (digital payments processor) for piloting cryptocurrency pay-outs for limited users in the platform. "The crypto payments will be routed through Stripe Connect, which will also handle KYC requirements", Stripe said. The company announced it was also planning to add options for payment in other cryptocurrencies in the future.
In April 2022, Stripe announced its strategic partnership with UK-based fintech company ION. The Wall Street Journal reported in July 2022 that the company's internal share price had fallen, causing its implied valuation to drop from $95 billion to $74 billion. In November 2022, the company announced it intended to initiate layoffs, terminating some 14% of their workforce.
Throughout 2022 and 2023, the company announced a number of large enterprise customers including Airbnb, Amazon, Microsoft, Uber, BMW, Maersk, Zara, Lotus, Alaska Airlines, Le Monde, and Toyota. The company also announced in March 2023 that OpenAI is working with Stripe to commercialize its generative AI technology.
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