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!


    September 22, 2014 at 05:08

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