Stripe is also pursuing some more unexpected offerings, including resources to help companies build their own internal analytics tools, and Stripe Atlas, which helps entrepreneurs create US-incorporated businesses in minutes. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. To help enable online commerce, Stripe is building a suite of APIs that allow developers to implement its payment capabilities. “Stripe really did come about because we were really appalled by how hard it was to charge for things online.” - John Collison Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments. This growth has created major opportunities in the payments space, and companies like Stripe - a payments unicorn valued at a massive $36B - are hungry to capitalize on them.īrothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunities.
As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years.
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