Stripe

Stripe Overview

Company Headquarters: US

Founded: 2010

Workforce: ~5,000

Company Working: Stripe, Inc. is a financial information platform provider for businesses worldwide. The company offers processing software and application programming interfaces (APIS) for e-commerce and mobile applications. Stripe helps users to accept payments by creating a subscription service, an on-demand marketplace, an e-commerce store, or a crowd-funding platform. It aims to expand Internet commerce by making it easy for users to process transactions and manage businesses online. The company makes moving money simple with the presence of dozens of offices strategically spread across the world. On average, around 90% of U.S adults have brought from a business using stripe. The company supports more than 135+ currencies.

Strategy

Stripe, Inc. follow the strategy of strategic acquisition and collaboration with another industry player for technological enhancement and product development. The company’s mission is to expand its digital payment portfolio and provide solutions for start-ups to public companies to manage their business online effectively.

Company Snapshot

5,000

Employees

2010

Founded

US

Headquarters

SWOT Analysis

Strengths

Strategic collaboration and acquisition with other industry players
Wide geographic presence
Strong leadership

Weaknesses

Overdependency on the US market for revenue generation

Opportunities

Business diversification opportunity

Threats

Stringent government rules and regulations

Key Developments

Date	Approach	Development
March 2023	Collaboration	Boomerang, a global SaaS (software as a service) provider in end-to-end healthcare practice management for non-insured, private-pay segments such as dermatology, cosmetic surgery, medical spa, cosmetic dentistry, and women's health, has announced that it has chosen Stripe, Inc. to provide integrated payments within its platform. The collaboration brings together two industry experts to provide BoomerangFX clients with faster payment processing, improved security, and more flexible payment alternatives. The new service offering will first be available to Boomerang clients in Canada and the United States, with plans to expand globally later this year.
March 2023	Product Launch	Stripe has begun incorporating OpenAI's most recent GTP-4 model within its digital payment process and services. Stripe assists customers with recurring billing and compliance with taxes to automating financial operations.
February 2023	Partnership	WPP partnered with Stripe to create innovative retail and payment solutions for joint clients. WPP is officially a Consulting Partner of the Stripe Partner Ecosystem (SPE), a programme that offers a complete set of tools and connections to industry-leading consulting firms.
July 2022	Recognition	Stripe, Inc received recognition of payment aggregator gateway licenses from the Reserve Bank of India.
May 2022	Development	Stripe, Inc launched stripe Apps for helping businesses build and discover tools that work seamlessly with stripe. The Stripe Apps provides a one-stop platform for managing operations with stripe and partners.
May 2021	Acquisition	Stripe, Inc acquired Bouncer, a card authentication technology company. The acquisition will be helpful for Stripe, Inc to enhance its security through the use of the Bouncer machine learning-based fraud prevention tool.
May 2021	Launch	Stripe, Inc launched payment links that will enable online sales in minutes without utilizing codes. The new solution will enable businesses to create a link at checkout pages to receive payments on social platforms and direct channels.

Product Offering

Stripe
- Online Payment Gateway
- Digital Payment Processing

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