Stripe—the start-up enabling payments for Kickstarter, Shopify, Lyft, and others—just banked a new capital investment from Visa that will push its value up to $5 billion.
“Partly through design and partly through circumstance, Stripe has a spectacular market opportunity at its doorstep…Stripe is at the triple intersection of mobile payments, cross border commerce, outsourcing payments for medium and large companies.”
Stripe’s success is due in no small part to their unusually strong focus on partnerships.
“In early July, Stripe announced a deal with American Express to let merchants accept payments on their sites through the credit card company’s new PayPal rival. Last year, Stripe inked a deal with Ant Financial’s Alipay, China’s largest digital wallet, so that online retailers can accept payments from shoppers in China.”
“Additionally, Apple listed Stripe as a preferred partner on its payments service, Apple Pay. Stripe also powers payments made through Buy buttons for Pinterest, Facebook and Twitter.”
Overview by Alex Johnson, Sr. Analyst, Credit Advisory Service, Mercator Advisory Group
Read full story at Fortune
