A privately-held Irish-American fintech software company (full payments stack) founded by Patrick and John Collison focused on payment processing and APIs for businesses. This payments infrastructure is widely used, notably by tech giants such as Amazon, Instacart, Shopify, Zoom, etc. Out of the tech companies that went public in 2021, 60% of them were Stripe customers. It operates with the principle “Users First” to provide efficient solutions for businesses to calculate revenue, make payroll, file taxes, pay suppliers, etc. Powers 135 currencies. Primarily in the payments space, but partnered with other SaaS platforms like Lightspeed, can offer very comprehensive 1-stop solutions.
Business basics + Statistics:
In comparison to other firms such as:
Adyen ‘21 GPV: $561B + 70% YoY (2180 employees)
Compared to competitors such as Square/Block, pricing is slightly more expensive in some aspects; however, it is a more comprehensive e-commerce platform solution. Square/Block is primarily focused on SMBs who sell primarily in person, while Stripe is more for e-commerce. Relative to Adyen, it has more integration partnerships (i.e. with Shopify, etc.) and has more support options for businesses; it also is more flexible for individuals while Adyen requires an application for all business accounts to receive a merchant account. With a slightly different consumer base focus and a powerful international merchant platform (alongside advanced reporting tools), Stripe is quite differentiated in its field. It has a large growing consumer base and higher margins than its closest peers.