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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 297 people and headquartered in an old trunk factory in the Mission district of San Francisco. The company has received around $300 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 gets its first user: 280 North.
  • Stripe receives seed funding from Y Combinator.

Summer

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

October

  • Stripe moves out of an apartment and into its first office in downtown Palo Alto, CA.

2011

May

  • Stripe receives a $20M Series A investment led by Sequoia Capital.

September

2012

January

  • Stripe moves to San Francisco.

May

  • Stripe receives a Series B investment from General Catalyst, Sequoia Capital, Peter Thiel, Elad Gil, Redpoint Ventures, Chris Dixon, and Aaron Levie.

September

October

  • Stripe launches Connect, allowing third-party services to integrate Stripe data and capabilities.
  • Stripe is 30 people.

2013

January

  • Stripe releases first version of Checkout.

March

  • Stripe opens an office in London, UK.

April

  • Stripe moves to new headquarters in the Mission district of San Francisco.
  • Stripe processes more payments in one day than in its entire two-year beta period. (October ’09 - September ’11.)

June

August

September

  • Stripe launches in Ireland.
  • Stripe rolls out betas in Spain, France, Germany, Netherlands, Belgium, Australia.

December

2014

January

  • Stripe receives a $80M Series C investment from Sequoia Capital, Founders Fund, Khosla Ventures, and Allen & Co.

February

March

  • Stripe becomes the first major payment company to accept Bitcoin.

June

  • Stripe adds support for Alipay to Checkout.
  • Stripe rolls out betas in Italy and Switzerland, bringing the total number of supported countries to 14.

July

  • Stripe officially launches in Australia.
  • Stripe rolls out betas in Denmark, Norway, and Sweden, bringing the total number of supported countries to 17.

September

December

  • Stripe receives a $70M Series C-1 investment from Thrive Capital, Sequoia Capital, Founders Fund, Khosla Ventures, and General Catalyst.

2015

January

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

March

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

May

  • Stripe opens private beta in Mexico and Japan.
  • Stripe is 297 people. Of these, 22% are former founders and 36% hail from outside the U.S.

July

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