Post Tagged with: "Stripe"

Will Stripe’s New Funding Lead to an IPO?

Will Stripe’s New Funding Lead to an IPO?

by November 28, 2016 at 3:40 pm 1 comment

Digital payments startup Stripe, begun back in 2000 by a pair of Irish brothers, has just raised new funding that values the company at just over $9 billion—and incidentally makes its founders the youngest billionaires in Ireland. In all, $150 million in new capital was raised. This brings the company’sRead More

Dwolla to Exit Consumer Space, Focus on API Offerings

Dwolla to Exit Consumer Space, Focus on API Offerings

by November 11, 2016 at 1:50 pm 1 comment

Dwolla, one of the elder statesmen of the fintech startup world, announced today it will leave the consumer space and focus on its offerings for businesses. The change will take place soon — Dec. 7. As the Des Moines, Iowa-based company put it in a blogpost: Dwolla is no longerRead More

Card Use Reaches New Heights, and So Does Fraud

Card Use Reaches New Heights, and So Does Fraud

by September 27, 2016 at 11:07 am 0 comments

Consumer card transactions will overtake cash transactions for the first time in 2016, according to global research firm Euromonitor International. Cash is expensive to manage and is extensively used in the underworld. “A less-cash society would be a fairer and safer place,” Kenneth Rogoff, a professor of economics at Harvard, wroteRead More

Mastercard Send, Visa Now Powering Stripe Instant Payout

Mastercard Send, Visa Now Powering Stripe Instant Payout

by September 19, 2016 at 2:53 pm 1 comment

Mastercard Send will now be the payment rails behind Stripe’s instant payout feature along with Visa, it was announced today by the parties involved. This function allows Stripe sellers—such as Lyft drivers—to receive payments, well, instantly. “These marketplaces [in the sharing economy] that have popped up aren’t going away, andRead More

Silicon Valley Bank Building Out Payments Services

Silicon Valley Bank Building Out Payments Services

by July 25, 2016 at 11:17 am 0 comments

Watch out payments industry, Silicon Valley Bank is coming. The bank for startups — officially named SVB Financial Group — said last Friday that it was boning up its payments infrastructure and services by “leveraging strategic partnerships to offer scalable and sustainable payment solutions to our clients, at every stage ofRead More

Is ‘Buy with Facebook’ Finally Coming?

Is ‘Buy with Facebook’ Finally Coming?

by July 6, 2016 at 11:34 am 2 comments

Whatever happened to the “Buy with Facebook” button? Back in 2014, Stripe confirmed that it was working with Facebook on a “Buy” button for the social media giant. From Recode: Facebook first began testing a “Buy” button within the News Feed in July [2014], and payments startup Stripe has been taskedRead More

Wanted: A Slackbot for Banking

Wanted: A Slackbot for Banking

by April 8, 2016 at 2:39 pm 6 comments

Slack is great for messaging, sharing documents, and annoying coworkers with unnecessary emojis — but how about taking care of the odd financial transaction? Nearly 2.5 million people (and, as of this week, including the Bank Innovation team) spend a significant portion of their day on the team collaboration toolRead More

Klarna Ramps Up U.S. Customer Service Efforts

Klarna Ramps Up U.S. Customer Service Efforts

by April 4, 2016 at 10:28 am 0 comments

The Swedish payments firm Klarna, which raised $231 million in funding in Europe and launched in the U.S. last September with Overstock.com as its first customer, has expanded its American customer service operations. Klarna is now offering customer service from 8 a.m. ET to 8 p.m. ET. Previously, Klarna’s U.S. customer serviceRead More

Startups in Cuba!

Stripe Atlas Offers Cuban Startups a Virtual Home on U.S. Soil

by March 21, 2016 at 4:48 pm 1 comment

International payments were something a weakness for payment processor Stripe, but the launch of Stripe Atlas has changed that. In the latest and most dramatic example of Stripe’s new business, look no farther than 90 miles off the Florida coast. Stripe offers global companies the ability to incorporate on U.S. soil, DelawareRead More

The Call for ‘Trust’ in Fintech Startups

The Call for ‘Trust’ in Fintech Startups

by March 4, 2016 at 10:45 am 0 comments

SEATTLE — The Silicon Valley model for its startups is well-known. Heck, there’s a Wikipedia for it. It centers on a simple principle: build a business that scales, no matter the initial profitability. And then scale it like mad. Or, in technical terms, build a business that has the potentialRead More