Payments ‘Young Pretender’ Stripe.com raises $20m

No primary category set

San Francisco based payments start-up stripe.com is making waves stateside with a stonking $20m series B round of funding, according to Techcrunch. Stripe investors now include veteran VC legends Sequoia and Redpoint as well as PayPal founders Peter Thiel, Max Levchin and Elon Musk.

Stripe bills its service as “payments for developers” and such a fundraising round is striking for a company that has hitherto seemed somewhat under the radar. Stripe says on its website: “you don’t need a merchant account or gateway. Stripe handles everything, including storing cards, subscriptions, and direct payouts to your bank account.”

Even as Tamebay’s Mr Grumpy (very much the heir to Sue in that regard) I sniff something significant here. The gang at Stripe are, at the very least, impressive. And if they seem youthful, I just pinch myself and recall the actor who plays Doctor Who these days is under 30. And younger than me.

It is particularly fascinating, as Techcrunch points out, that three out of five of PayPal‘s co-founders have invested in this company. I think we’ll be hearing more from Stripe. And my goodness, hurrah for that. The payments space needs a bloody good kick up the arse, so they are very welcome.

PayPal has been slow to innovate in the decade since it was acquired by eBay. It ruminates arrogantly in the lazy pool of dominance, looks tired and feels moribund to me. The user experience is so cumbersome as to be sluggish and hasn’t changed for years. Could Stripe be the Young Pretender?

Any first hand experiences of stripe.com would be fascinating to hear about. In any case: watch this space.

One Response

  1. I’ve got a good bit of experience with Stripe. My e-commerce company, Loft Resumes uses Stripe to accept payments. I’m actually building another product called MoonClerk that lets non-developers use Stripe. We’re building on top of their API. Let me know if I can help in any way.

RELATED POSTS..

Zara Pre-Owned partners Stripe ahead of Europe expansion

Zara Pre-Owned partners Stripe ahead of Europe expansion

OnBuy direct payment, WorldFirst and Payoneer launched

OnBuy direct payment, WorldFirst and Payoneer launched

Stripe fees to rise from 10th April

Stripe fees to rise from 10th April

OnBuy 2023 Road Map OnBuy Payments OnBuy first profitable month and strategic investment

OnBuy 2023 Road Map shared with sellers

OnBuy-selects-Nuvei-for-marketplace-payments

OnBuy selects Nuvei for marketplace payments

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars