What does Stripe Do?

Stripe, is an API for payments startup. It offers a set of unified APIs and tools which instantly enables businesses to accept and manage online payments. It is the best way to accept the payment online. It’s aim is expanding the internet commerce by simplifying the process of transactions and managing an online business. The startup wants to increase the GDP of the internet.

How much Stripe was funded?

Stripe is raising a new round of funding, according to a source. A source said that the leading investor in the round is DST Global’s Yuri Milner’s. The round could be as huge as $500 M and it would raise the company’s valuation to $5 billion.

Previous funding

  • Undisclosed amount in Seed round on August 2, 2010 from Y Combinator
  • $2M in Seed round on September 30, 2011 from Elon Musk, Andreessen Horowitz, Sequoia Capital, SV Angel and Peter Thiel
  • $18M in Series A round on February 9, 2012 from Sequoia Capital
  • $20M in Series B on July 9, 2012 from Aaron Levie, Elad Gil, Chris Dixon, Peter Thiel, Sequoia Capital and General Catalyst Partners
  • $80M in Series C funding on January 22, 2014 from Khosla Ventures, Allen & Company, Founders Fund and Sequoia Capital
  • $70M in Series C funding on December 2, 2014 from Thrive Capital, Founders Fund, Khosla Ventures, Sequoia Capital and General Catalyst Partners

What is next for Stripe?

Stripe has seen a rapid growth and is renowned for being a developer-friendly and great customer service startup. It has been adding products and high profile partners over the past year as it expands across the globe. It has announced a private beta program for Japan and there are rumors that it is planning to move to Singapore too.

It has added a new product called Stripe Connect which helps marketplace companies to accept payment from customers and send them to drivers.

More about Stripe

Stripe was founded in 2010 by Patrick Collison, John Collison. . This startup is built for makers, developers and creators. It is a developer focused, instant set up payment service which can scale to any size. Today it processes billions of dollars per year for thousands of businesses, which range from Fortune 500 companies to newly launched startups.