Tagged: stripe

Stripe Reportedly Will No Longer Process Payments for the President Trump’s Campaign Website Following Capitol Building Incident

  Following the tragic event at the Capitol Building last Wednesday, U.S.-based fintech Stripe has reportedly stopped processing payments for President Donald Trump’s campaign website. According to WSJ, a source close to the situation stated that Stripe is cutting off the campaign account for violating… Read More

2021 Should See Some Big Fintech IPOs

2020 was a pretty good year for initial public offerings (IPOs). According to a tally put together by Renaissance Capital, 216 IPOs booked $78.1 billion during the year of COVID-19. Additionally, IPOs gained, on average, a whopping 75% – said to be the biggest post… Read More

Stripe Joins Forces With Zuora to Accelerate Growth of the Subscription Economy Product

Zuora, Inc. (NYSE: ZUO), a subscription management platform provider, announced on Tuesday it has formed a partnership with payments platform Stripe to accelerate the growth of Zuora’s new product, Subscription Economy. According to Zuora, the product integration will enable the provider’s customers to enhance their… Read More

Revolut Challenges Established Payment Platforms with New Feature Enabling Businesses to Accept Payments Online

Revolut Business is challenging established payment platforms with its new feature that enables business accounts to accept payments that are deposited directly into their accounts. Yesterday, Stripe announced a service to provide digital banking to its customers. Today, Revolut is challenging Stripe and others by… Read More

Stripe Treasury to Allow Customers to Embed Financial Services, Offers Banking as a Service, Will Include Interest Bearing Accounts

In another nail in the coffin of brick and mortar banking, Stripe has announced Stripe Treasury, a platform that will allow users to leverage APIs to embed or leverage financial services such as savings accounts. In an extensive announcement Stripe said it was also partnering… Read More

Fintech Firm Stripe Is Investing like An Early-Stage VC Company with 22 Investments in Startups, Industry Professional Confirms

Blockchain and Fintech advisor Efi Pylarinou notes that Stripe has been actively investing in many different startups — 22 and growing. Pylarinou writes in a blog post that Stripe is currently in the spotlight as the Fintech firm is ranked quite high based on several… Read More

Payments Platform Stripe Is Reportedly Planning to Raise Additional Funds to Reach $70-$100 Billion Valuation

Fintech firm Stripe is reportedly planning an investment round so that its payment platform and business can be valued significantly higher than the $36 billion valuation it received during its last funding round. According to Bloomberg (which cited sources familiar with the matter), Stripe could… Read More

Stripe Unveils Large-Scale Carbon Removal Purchase Tool

Payments platform Stripe recently announced the launch of its latest product that allows any online business to contribute funds to technologies that remove CO2 directly from the atmosphere. Stripe reported that its users may help counteract climate change by directing a fraction of their revenue… Read More

Payments Platform Stripe to Move Business Operations to Dublin due to Brexit

Payments platform Stripe is reportedly moving its operations to Dublin due to Brexit. Most European customers will be processed locally (beginning on November 19, 2020). Stripe’s management confirmed that they’re moving payment processing for most of their European clients to the firm’s Irish-regulated business entity… Read More

Cap Table Platform For Hyper-Growth Startups Pulley Raises $10 Million Through Series A Investment Round Led By Stripe

Pulley, a U.S.-based cap table platform for hyper-growth startups, announced on Wednesday it raised $10 million through its Series A investment round, which was led by Stripe, with participation from General Catalyst, Caffeinated Capital, 8VC, Combine and Hustle Fund. Founded in 2019, Pulley’s mission is… Read More

Payments Platform Stripe Acquires Nigerian Fintech Paystack which will Continue to Operate Independently

Payments platform Stripe has acquired Nigeria-based Paystack, which is a startup that aims to make it easier to integrate various payment services. The acquisition may be valued at over $200 million, according to TechCrunch which cited sources familiar with the matter. Patrick Collison, CEO at… Read More

Philippines based Fintech PayMongo, an Online Payments Platform, Secures $12 Million via Round led by Stripe

Philippines-based PayMongo, an online payments platform, has secured $12 million in capital through a Series A investment round led by payments processor Stripe PayMongo provides an online payments API for businesses in the Philippines. The Fintech firm has taken part in Y Combinator’s Accelerator program…. Read More

Stripe Announces Global Commerce Partnership With Salesforce

Payments platform Stripe announced on Wednesday it has formed a global commerce partnership with Salesforce to power Commerce Cloud Payments and advanced commerce experiences for enterprise customers. The duo is teaming up to help retailers adapt to a reported digital spending surge. “E-commerce spending has… Read More

Fintech Funding During H1 2020 was Led by Corporate Deals, but Significant Decline in M&A Investments: Report

Although global Fintech funding declined during the first half of this year, with $25.6 billion of total investment secured globally through 1,221 deals, corporate business deals are driving most of the VC activity. This, according to the Pulse of Fintech H1’20, which is a report… Read More

Former General Motors Executive Dhivya Suryadevara Appointed Chief Financial Officer at Stripe

  Payments platform Stripe recently announced it has appointed Dhivya Suryadevara as its new Chief Financial Officer. Prior to joining Stripe, Suryadevara served as Chief Financial Officer at the automobile brand, General Motors, where she oversaw financial operations amounting to over $100 billion in annual… Read More

SME Accounting and Payroll Software Provider Clear Books Integrates with Payment Processor Stripe

Clear Books, which offers accounting and payroll software to more than 13,000 SMEs, has teamed up with payment processing company, Stripe. The integration should make it easier or more seamless for Clear Books customers to take card payments, which means that businesses will be able… Read More

Stripe Partners With Notarize to keep Notaries Working From Home During COVID-19 Pandemic

Online notary platform Notarize announced on Thursday it has formed a new partnership with payments platform Stripe to keep notaries working, remotely and safely, from home during the COVID-19 pandemic.  Notarize reported that by integrating with Stripe Connect, Notarize can pay notaries on the same… Read More

Global Fintech Funding Declined during COVID-19, Investors Now Focused on Mature Fintechs like Robinhood and Stripe: Report

  The global Fintech industry is being transformed by the COVID-19 outbreak and resulting socio-economic problems and challenges, according to a recent report from CB Insights. As mentioned in the report, the first quarter of this year was quite difficult for the financial services sector… Read More

Stripe Announces Plans to Launch Series of Products to Support Platforms in Economic Recovery Efforts During COVID-19 Pandemic

  Payments platform Stripe announced on Tuesday it is launching a series of products to help platforms and their business customers adapt as the economy reboots during the COVID-19 pandemic. Stripe reported that platforms it powers now have access to an enhanced toolkit, which will… Read More

Stripe Announces Expansion of Support for JCB Payments

Payments platform Stripe announced on Wednesday it is expanding its support for JCB payments. According to Stripe, JCB is a credit card network with more than 135 million cardholders worldwide and a share-of-wallet in Japan. Stripe also revealed that businesses using Stripe in Japan may… Read More

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