Stripe – Competitor Profile
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Stripe is a global payment services provider. Founded in 2010, the solution allows online merchants and vendors to accept payments for products and services offered through their own websites and mobile apps, as well as for those offered through third-party online marketplaces and platforms. Stripe works on all web-enabled devices. Stripe has been deployed by a host of businesses globally, including online merchants, marketplaces, and platforms. Prominent brands that support Stripe include Grab, ShopStyle, Shopify, and Lyft.
The solution allows businesses to accept payments in over 135 currencies through more than 50 payment methods including debit and credit cards, Automated Clearing House (ACH), Apple Pay, and Alipay. In the US, it is supported by major card schemes Visa, Mastercard, American Express, eftpos Australia, Discover, JCB, Diners Club, and China UnionPay.
To expand its product portfolio, it introduced a card-issuing service in July 2018, enabling online businesses and platforms to issue their own payment cards. In September 2018, Stripe introduced terminals enabling merchants to accept in-store payments. In September 2019, Stripe entered the lending segment with the launch of Stripe Capital, a lending service that offers business loans to Stripe’s online business customers in the US. In 2021, Stripe introduced Stripe Tax, Stripe Identity, and Stripe Revenue Recognition, further strengthening its Business Operations segment.
Launched in the US, Stripe is now available in 47 countries across North and South America, Europe, Asia, and Australia, with Thailand getting added to the list most recently in October 2022.
The report provides information and insights into Stripe including –
• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its Revenue Model
• The company's important events and milestones
Scope
• In 2010, Stripe was founded.
• In September 2015, Stripe Relay was launched.
• In April 2019, Stripe Billing launched in Europe.
• In May 2022, Stripe launched Stripe Apps, which combines and offers all Stripe tools and solutions into one place.
• In March 2023, European mobility payment app FreeNow partnered with Stripe, through which it will use Stripe’s online payments platform in Germany, Ireland, the UK, France, Spain, Italy, Poland, Portugal, Austria, and Greece.
Reasons to Buy
• Gain insights into Stripe business operations and key events.
• Gain insights into its product portfolio and revenue model.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Adyen
Wepay
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