The payment acceptance platform Stripe ranks 3rd in the Cloud 100, the world’s best high-tech companies, compiled annually by Forbes experts. Only two services working with the trendy artificial intelligence technology are ahead of Stripe: Open AI and Databricks. Nevertheless, the fintech giant has the highest valuation on the list — $50 billion. How the fintech startup managed to become the most popular online acquiring platform and what are Stripe’s prospects — we tell you in this article.
What is Stripe and what tasks does the service solve?
Stripe is one of the largest payment acceptance services jordan phone number list in the world. According to its data, the volume of payments processed by the platform in 2022 alone amounted to $817 billion, which is 26% more than the year before. More than 100 of the service’s clients have a turnover of $1 billion or more.
The service works with different tools: it helps accept zsolt koppany chief technology officer payments for marketplaces and small online stores, through applications and in online games. This is not just a payment module, but a whole range of solutions. For example, with its help you can issue invoices, manage inventory, enter income and expenses into online accounting.
Previously, the service helped foreigners register a business in the United States. Now the requirements have become stricter and it is necessary for at least one employee of the registered company to be located in the country.
What businesses use Stripe
Retailers who have offline experience and are just italy numbers entering the online space. Stripe offers them easy integration of online payments with their existing payment and accounting systems.
IT startups that require highly specialized solutions. Stripe allows you to customize the service package and select a solution for your business needs.
Corporations that have established ecosystems (like Facebook* and Google) and are looking for a way to integrate a fast and convenient way to accept online payments into them.
How Stripe Came to Be and What Helped It Grow to $100 Billion
The history of Stripe began in 2010. Then two entrepreneurial brothers from Ireland, John and Patrick Collison, registered the company in Palo Alto, the “capital” of Silicon Valley. According to the creators, the service was supposed to become a link between online retailers and customers. The former offered flexible conditions and a wide range of tools for accepting payments. The latter received a secure service for paying for their purchases. Already in 2011, the service attracted its first investments in the amount of 2 million dollars.