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Why you should get Stripes IPO this 2021?

Written by Customer Service on . Posted in Public Companies.

Irish entrepreneur brothers, John and Patrick Collison founded Stripe in Palo Alto, CA, in 2010. In 2011, the company received investment of $2 million from PayPal co-founders Elon Musk and Peter Thiel, Irish entrepreneur Liam Casey, and venture capital firms Sequoia Capital, Andreessen Horowitz, and SV Angel.

The company primarily offers payment processing software and application programming interfaces (APIs) for e-commerce websites and mobile applications. They bring together everything that’s required to build websites and apps that accept payments and send payouts globally. Stripe’s products power payments for online and in-person retailers, subscriptions businesses, software platforms and marketplaces, and everything in between.

Stripe can handle thousands of transactions in a minute, and it supports various payment options for its consumers. It supports all debit cards and credit cards transactions globally and also supports many digital wallets such as Apple Pay and AliPay.

As part of their service bundle, they help clients beat fraud, send invoices, issue virtual and physical cards, get financing, manage business spend, and much more. In other words, Stripe makes moving money as simple, borderless, and programmable as the rest of the internet. The company’s teams are based in dozens of offices around the world and process hundreds of billions of dollars each year for startups to large enterprises.

Despite internet businesses growing faster than the rest of the economy, only about 3 percent of global commerce happens online today. Regulatory complexity, a byzantine global financial system, and a shortage of engineers are constraining the impact of the internet economy.

Removing the barriers to online commerce helps more new businesses get started, expedites growth for existing companies, and increases economic output and trade globally. Stripe works with financial institutions, regulators, payment networks, banks, and consumer wallets so businesses who uses Stripe don’t have to do so.

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