Full-Time
Posted on 6/21/2024
Online payment processing solutions provider
Expert
San Francisco, CA, USA + 1 more
More locations: New York, NY, USA
Stripe provides online payment processing solutions for internet businesses through a suite of payment APIs. These APIs enable businesses to accept and process payments easily over the internet. Stripe serves a diverse clientele, including small startups and large enterprises, across various sectors such as e-commerce, subscription services, and marketplaces. The company focuses on simplifying and securing online transactions, charging fees based on the volume of transactions processed. Its offerings include payment acceptance, billing management, fraud prevention tools, and financing options, among others. Stripe's goal is to make online payments straightforward and accessible for businesses of all sizes.
Company Size
10,001+
Company Stage
Private
Total Funding
$8.5B
Headquarters
South San Francisco, California
Founded
2010
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Inclusive coverage - We provide a thoughtful and balanced set of benefits that allow Stripes to be their best selves and do great work. Whether that means offering comprehensive mental, physical, and medical health plans, supporting Stripes’ financial futures, providing fertility benefits and parental leave, or making sure Stripes have access to healthy food at the office, our robust programs put Stripes and their families first.
Growth by way of learning - We are voracious learners and teachers. Our Education team delivers an onboarding and product training curriculum for all new Stripes, and hosts expert-led courses on things like project management fundamentals and macroeconomics. Beyond the formal program, Stripes are constantly sharing knowledge with each other through conversation, documentation, reading groups, and informal talks.
A principled approach to food - The food program holds a special place in Stripe’s history and future. These Stripes come to our kitchen from a breadth of backgrounds and experiences, and focus on one proposition—respect. This is apparent not only in the local ingredients they work with or in the gracious, teamwork-driven buffet lines, but also in their approach to growing a global team through sustainable food practices and minimal waste.
Stripe, the financial infrastructure platform for businesses, today shared that it processed $1.4 trillion in total payment volume in 2024, up 38% from the prior year, and equivalent to around 1.3% of global GDP.In their annual letter to the Stripe community, cofounders Patrick and John Collison attributed the rapid growth to long-standing investments in artificial intelligence that “continue to pay off, increasing revenue for existing customers, encouraging more businesses to switch to Stripe, and helping new companies reach significant scale unprecedentedly quickly…In each of the last six years, Stripe has reinvested a much higher proportion of our earnings in R&D than any comparable company. We believe this ability will prove particularly important in the coming years, as stablecoins, AI, and other forces reshape the landscape. Stripe’s growth to date is evidence of the intense market demand for programmable financial services. The associated transformation is still early.”AI investments fuel revenue growth for businesses on StripeHalf of the Fortune 100 now uses Stripe, and the company continues to attract the world’s largest businesses—including NVIDIA, PepsiCo, News Corp, and Comcast—as they seek to reinvent their business models and grow revenue from existing activity.Stripe has invested in AI models that are delivering significant revenue and performance uplifts for its users. Hertz increased authorization rates by 4% when it moved its payments to Stripe, while Forbes saw a 23% boost in revenue with Stripe managing its subscription payments. Car-sharing marketplace Turo captured $114 million in additional annual revenue with Stripe’s Optimized Checkout Suite.“We’re continually retraining dozens of machine learning models that optimize every part of the transaction flow over an economy-scale dataset
Stripe’s investments in machine learning (ML) and artificial intelligence (AI) contributed to the financial infrastructure platform’s rapid growth in 2024, co-founders Patrick Collison and John Collison wrote in their annual letter to the Stripe community that was released Thursday (Feb. 27). “These bets continue to pay off, increasing revenue for existing customers, encouraging more businesses to switch to Stripe, and helping new companies reach significant scale unprecedentedly quickly,” they wrote. Stripe’s total payment volume rose 38% in 2024 to reach $1.4 trillion, according to the letter
The co-founders of payments powerhouse Stripe today made an impassioned plea for capital markets, regulatory, and labour reform across Europe, saying it was facing an “existential" crisis. The call for change comes as Stripe announced it had reached an agreement with investors which will allow it to buy shares from current and former staff, which values the payments firm at $91.5bn. Stripe was valued at $70bn last year. The co-founders also said they planned to invest more in Europe moving forward
HighLevel integrates with Stripe and PayPal, making it easy to:
In the trading day following Grab’s announcement of its fourth quarter and full-year 2024 results, its shares fell by 10% as investors recoiled due to its forecast for 2025 revenue falling just short of analysts’ estimates. This was despite a strong set of results, which saw 2024 revenue rise by 19% from 2023.The company also achieved positive adjusted EBITDA for the first time, while its net loss narrowed by 67%. The company is expecting this momentum to continue into 2025.During the earnings call, management also gave more details on the ride-hailing platform’s plans in artificial intelligence and autonomous vehicles (AVs), areas which co-founder and CEO Anthony Tan said were, “for me personally…top of mind.”