What companies does Stripe own?
Stripe is one of the world's largest payment processors with dual headquarters in San Francisco, USA, and Dublin, Ireland. The company has raised $2.2 billion since its Seed Round in 2010, raising $600 million in the last round (Series H) alone—valuing Stripe at $95 billion!
Stripe doesn't just take money; they give it too, investing over $2 billion during the past decade. The company has also made 11 acquisitions to expand its product offering.
What is Stripe?
Stripe is a payment processor and financial services company. If you've ever purchased something from a Shopify store, you've likely used Stripe's payment processor.
Is Stripe a private company?
Stripe is a private company with no intention of going public any time soon. In a November 2021 interview with CNBC at the Fintech Abu Dhabi festival, Stripe's co-founder and President John Collison said, "We're very happy as a private company...it feels like we are very early in Stripe's journey."
Considering Stripe is only 11 years old, is valued at just under $100 billion, and has the cash to spend billions on investments and acquisitions, it's hard to argue with John Collison's reasoning.
According to leading business publication Crunchbase, Stripe's Series H valuation makes the company "the most highly valued venture-backed private company in the U.S.," and third globally—behind Chinese tech giants Ant Group and ByteDance.
When is the Stripe IPO date?
As of March 2022, Stripe has no plans to go public. Speculation from Public.com suggests that Stripe might "pursue a direct listing instead of a traditional IPO" because the company doesn't need the capital.
How Does Stripe Make Money?
Stripe makes most of its money through transaction fees through its payment processor, which processes hundreds of billions of dollars annually.
According to the Wall Street Journal, Stripe generated around $7.4 billion in 2020 from an estimated $350 billion payment processing volume—a 393% increase from 2018's $1.5 billion earnings.
Who owns Stripe?
Founders Patrick (CEO) and John (President) Collison own Stripe along with 46 investors from the company's funding rounds. Stripe is a private company, so the share breakdown and financials are still unknown.
Notable Stripe investors include:
- Sequoia Capital
- Playfair Capital
- Peter Thiel (PayPal & Palantir founder)
- Elon Musk (Tesla, SpaceX)
- Andreessen Horowitz
- Y Combinator
- American Express
What companies have Stripe invested in?
These are 17 of Stripe's most notable investments: 1. Monzo: A UK-based challenger bank. Stripe has invested over $200 million in Monzo over three funding rounds in 2017, 2018, and 2020. 2. PolyBit Inc.: The parent company of Autocode, a server-less development platform for building bots, apps, and websites using APIs. Stripe invested $2 million in Polybit in May 2018. 3. Paystack: A Nigerian-based payment provider. Stripe invested $10.2 million in Polybit in August 2018. 4. Lambda School (now Bloom Institute of Technology): An online college offering flexible tuition repayment options. Stripe invested $14 million in Bloom Tech in October 2018. 5. Rapyd: A cross-border payment provider for businesses. Stripe invested $40 million in Rapyd in February 2019. 6. Pilot: Provides accounting services to startups and growing businesses. Stripe invested $40 million in Pilot in April 2019. 7. Pico: Monetization software for the creator economy to collect emails, sell subscriptions, and manage customer relations. Stripe invested $4.5 million in Pico in May 2019. 8. Step: A banking service for teenagers and young adults. Stripe invested $22.5 million in Step in June 2019 and another $100 million in April 2021. 9. Fast: A one-click checkout payment platform. Stripe invested $20 million in Fast in March 2020 and a further $102 million in January 2021. 10. Assembled: Workforce management software for forecasting and reporting. Stripe invested $3.1 million in Assembled in March 2020 another $16.6 million in March 2021. 11. PayMongo: A Philippines-based payment services provider. Stripe invested $12 million in PayMongo in September 2020. 12. Pulley: A cap table management service for companies to manage equity and attract talent. Stripe invested $10 million in Pulley in October 2020. 13. Check: An API-first payroll platform. Stripe invested $35 million in Check in January 2021. 14. Safepay: Pakistani-based payment provider. Stripe invested "a seven-figure amount" in Safepay in February 2021. 15. Balance: An Israeli-based B2B eCommerce payment provider. Stripe was one of five Seed Round investors in Balance in February 2021, where the company raised $5.5 million. 16. Wave: A cashless payment app designed for the African market. Stripe invested $200 million in Wave in September 2021. 17. TrueLayer: A banking and financial services platform. Stripe invested $130 million in TrueLayer in September 2021.
What Companies Does Stripe own?
Stripe acquired its first company, Kickoff, in March 2013. Since then, Stripe has purchased a total of 12 companies. 1. KickOff: A task management and collaboration application Stripe acquired in March 2013. 2. TOTEMS: A social media marketing automation platform Stripe acquired in February 2015. 3. RunKit: An app development and prototyping tool Stripe acquired in September 2016. 4. Indie Hackers: A community forum for entrepreneurs Stripe acquired in April 2017. 5. Payable: A platform for onboarding and tracking contractor payments Stripe acquired in April 2017. 6. Index: A point-of-sale software Stripe acquired in March 2018. 7. Touchtech: A payment authorization FinTech startup Stripe acquired in April 2019. 8. Paystack: After investing in Paystack in 2018, Stripe acquired the Nigerian-based payment provider in October 2020. 9. TaxJar: A sales tax automation service Stripe acquired in April 2021. 10. Bouncer Technologies: A credit card fraud detection technology Stripe acquired in May 2021. 11. Recko: An Indian-based payments reconciliation software Stripe acquired in October 2021. 12. OpenChannel: A platform to build, launch, and manage app ecosystems Stripe acquired in December 2021.
Stripe Atlas: A Platform to Launch Startups
Stripe Atlas allows startups worldwide to form a US-based company with access to Stripe's funding ecosystem, where companies have raised more than $2 billion.
Atlas also provides startups with discounts from Stripe's partners, including $5,000 in credits from Amazon Web Services—a valuable lifeline for cash-strapped startups.
We'll likely see more Stripe investments and acquisitions with Atlas in the coming years.