Stripe is an Irish technology company that focuses on providing the technical, fraud prevention, and banking infrastructure required to operate on-line payment systems.
Stripe began as a start-up called /dev/payments. The name resulted in misspellings and confusion to those outside the company, so the company renamed itself Stripe.
Stripe was founded in 2010 by Irish entrepreneurs John and Patrick Collison. The company is headquartered in San Francisco, California with operations in over 25 countries.
Stripe provides APIs that web developers can use to integrate payment processing into their websites and mobile applications. In April 2018, the company released anti-fraud tools that run alongside payments APIs to block fraudulent transactions. Stripe is the best software platform for running an internet business. It handles billions of dollars every year for forward-thinking businesses around the world.
Stripe is backed by leading investors include Sequoia Capital, Khosla Ventures,General Catalyst, Andreessen Horowitz, Tiger Global Management, and PayPal co-founders Peter Thiel, Max Levchin, & Elon Musk among others. The company raised $250M from its latest funding on Sep 19, 2019. This brings Stripe's total funding to $1.155B to date.
Stripe is now valued at $35B, this new valuation comes from its latest $250M fundraising on Sep 19, 2019. Stripe's previous valuation was $22.2B when they secured $100M in funding on Jan 29, 2019. Which was $2B more from the $20B valuation in a $245M financing round on Sep 27, 2018.
Stripe has also made 7 investments totalling over $1.1B including a £85M funding to Monzo on Oct 31, 2018. As well as acquired 8 companies including Payable, Indie Hackers, Kickoff, RunKit, TOTEMS & Teapot & Index to date.