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's investors include Sequoia Capital, Khosla Ventures, Andreessen Horowitz, and PayPal co-founders Peter Thiel, Max Levchin, and Elon Musk. The company has acquired 7 companies including Payable, Indie Hackers, Kickoff, RunKit, TOTEMS & Teapot & Index to date. Stripe has also made 7 investments totalling over $1.1B including a £85M funding to Monzo on Oct 31, 2018.
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 was valued a gigantic $20B in a "Series E" funding on Sep 27, 2018, where they cashed $245M from 5 investors.