The Bankwatch

Tracking the consumer evolution of financial services

Stripe are heading towards becoming leaders in payment processing

In Aug 2013, I picked up on Stripe, and was impressed by their ‘start up’ approach to a space banks should have owned, but failed since day 1.

Stripe – simple online payments …

Today this piece at Bloomberg surprises with the extent that Stripe have become engaged in the payments eco-system that matters. This piece is worth the read just to see the big name players Stripe have engaged.

Stripe Lands Apple in Quest for $720 Billion in Payments

They are integrated with Apply Pay, Alibaba and have these backers:

Stripe has the backing of investors including Sequoia Capital and Andreessen Horowitz, as well as PayPal co-founders Peter Thiel, Elon Musk and Max Levchin. It has raised about $140 million in funding, with its $1.75 billion valuation pegged to a financing in January.

Written by Colin Henderson

September 21, 2014 at 23:00

Posted in Uncategorized

One Response

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  1. Interesting. Strip’s weakness is that it is a virtually unknown brand among consumers, which may lead to fewer sales at the point of sale. Apple, of course, is a very well known and trusted brand. It will be interesting to see how that brand stands up in the murkey world of banking and payments!

    nochex

    September 22, 2014 at 05:08


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