Stripe: Competitor Profile

Stripe: Competitor Profile

Summary

Stripe is a global payment services provider. Founded in 2010, the solution allows online merchants and vendors to accept payments for products and services offered through their own websites and mobile apps, as well as for those offered through third-party online marketplaces and platforms. Stripe works on all web-enabled devices. Stripe has been deployed by a host of businesses globally, including online merchants, marketplaces, and platforms. Prominent brands that support Stripe include Grab, ShopStyle, Shopify, and Lyft.

The solution allows businesses to accept payments in over 135 currencies through payment methods including debit and credit cards, Automatic Clearing House (ACH), Apple Pay, and Alipay. In the US, it is supported by major card schemes Visa, Mastercard, American Express, Discover, JCB, Diners Club, and China UnionPay.

To expand its product portfolio, it introduced a card-issuing service in July 2018, enabling online businesses and platforms to issue their own payment cards. In September 2018, Stripe introduced terminals enabling merchants to accept in-store payments. Most recently, in September 2019, Stripe entered the lending segment with the launch of Stripe Capital, a lending service that offers business loans to Stripe’s online business customers in the US.

Launched in the US, Stripe is now available in 37 countries across North and South America, Europe, Asia, and Australia.

The report provides information and insights into Stripe including:
• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its performance, including its revenue model
• The company's important events and milestones

Scope

- In 2010, Stripe was founded.
- In September 2011, Stripe was launched in the US.
- In July 2018, Stripe launched Stripe Issuing, enabling online businesses to create their own credit and debit cards (both physical and virtual).
- In February 2020, Stripe partnered with in-store and e-commerce software provider Lightspeed, enabling Lightspeed’s customers in the US and Canada to accept online and in-store payments using Stripe Connect and Stripe Terminal.

Reasons to Buy

- Gain insights into Stripe's business operations and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.