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Kelly Sims

Economic infrastructure for the internet

Stripe is the best way to accept payments online. Stripe aims to expand internet commerce by making it easy to process transactions and manage an online business. We want to increase the GDP of the internet.

Code

We believe that enabling more transactions is a problem rooted in code and design, not finance. Stripe is built for developers, makers, and creators.

Backstory

We had experienced first-hand the difficulty of accepting online payments. On almost every front, it was becoming easier to build and launch an online business. Payments, however, remained dominated by clunky legacy players. It seemed clear that there should be a developer-focused, instant-setup payment platform that would scale to any size. Stripe launched in September 2011.

Public launches to public companies

Stripe now processes billions of dollars a year for thousands of businesses, from newly-launched start-ups to Fortune 500 companies. Since Stripe powers so many new businesses, it's a snapshot of how the internet is changing; many users are in categories that barely existed five years ago. Web and mobile businesses around the world using Stripe include Twitter, Kickstarter, Shopify, Salesforce, Lyft, and many more.

Company

Stripe is 650 people and headquartered in San Francisco. The company has received around $450 million in funding to date; investors include Sequoia Capital, Visa, American Express, Peter Thiel, and Elon Musk.

Press

Timeline

2009

October

  • Stripe's first lines of code are written.

2010

January

  • Stripe receives seed funding from Y Combinator.

Summer

  • Peter Thiel, Sequoia Capital, and Andreessen Horowitz invest in Stripe.

2011

September

2012

October

  • Stripe launches Connect, allowing third-party services to integrate Stripe data and capabilities.

2013

January

  • Stripe releases first version of Checkout.

2014

June

  • Stripe adds support for Alipay to Checkout.

September

2015

January

  • Stripe launches machine learning-based fraud protection for all users.

March

  • Stripe expands Connect to help marketplaces rapidly grow the number of sellers on their platforms globally.

July

  • Stripe receives around $100M Series C-2 investment from American Express, Visa, Kleiner Perkins Caufield & Byers, and Sequoia Capital.

September

  • Stripe launches Relay to let businesses sell products in other apps; announces partnership with Twitter.

2016

February

  • Stripe launches Atlas, a new product designed to give entrepreneurs everywhere access to the basic building blocks for starting a global internet business.

June

August

  • Stripe launches support for Apple Pay on the Web.

October

  • Launches Radar, machine-learning powered tools to prevent fraud.

November

  • Receives $150M Series-D investment from Capital G and General Catalyst, in addition to existing investors such as Sequoia Capital and others.

Today

  • Stripe is 650 people. Of these, 28% hail from outside the U.S.