22 October 2017
visit www.atos.net

Stripe launches in Australia

21 July 2014  |  1677 views  |  0 Source: Stripe

Stripe launched in Australia and began testing in three Scandinavian countries on Monday, as the three-year-old payments startup backed by a trio of PayPal co-founders slowly enlarges its global footprint.

Its latest international expansion came after it struck a rare deal with Chinese payments service Alipay, an affiliate of Alibaba Group Holding Inc, to allow Chinese buyers to pay for purchases on the U.S. service.

"Stripe's mission is to grow Internet commerce by providing everything an online business needs to accept payments," John Collison, co-founder and president of Stripe, said in a blogpost on Monday.

Stripe now operates in several countries including Canada, Britain and Ireland, and is beta-testing in European countries such as Finland and Switzerland. It began beta-testing on Monday in Denmark, Norway and Sweden, a company spokeswoman said.

Stripe touts a simple-to-use multi-currency service as an easy way for businesses to begin accepting payments from around the world. It takes a cut of several percentage points off transactions across its platform.

The company has raised $130 million from investors. It was valued at $1.75 billion in a January round of funding from venture capitalists, including Khosla Ventures, Sequoia Capital and Founders Fund. Other backers include Andreessen Horowitz and PayPal co-founders Peter Thiel, Max Levchin and Tesla Motors CEO Elon Musk.

The transaction puts Stripe in the rarefied company of startups valued at more than $1 billion just three years after brothers Patrick and John Collison debuted their service.

Its clients have included ridesharing service Lyft and the Museum of Modern Art in New York.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comRegister nowvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
12116 views comments | 17 tweets | 27 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11671 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9386 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8554 views comments | 10 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8421 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job