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Stripe

🌎 stripe.com

Stripe is a financial infrastructure platform that enables businesses to accept payments, send payouts, and automate financial processes. It serves millions of companies, from large enterprises to startups, and aims to increase the GDP of the internet. Headquartered in South San Francisco and Dublin, Stripe provides a suite of APIs and no-code tools for online and in-person payment processing.

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Updates as of Sep 30, 2024

• Stripe now presents customers with a conversion fee starting at 2%.
• Stripe is selling Indie Hackers.
• Stripe launched Stripe Express, allowing users to withdraw earnings without setting up a company in the US.
• Stripe is incorporating Solana as a fast, inexpensive blockchain for payments.
• Stripe released a new feature for tax ID collection in checkout sessions around September 10, 2024.

• Starting this month, Stripe users in the UK can offer flexible payment terms to their business buyers through Kriya.
• Swati Moran has left Stripe as the GTM Partner Program Leader to join Docusign as the Sr. Director Partner Programs & Success in the United States.
• Kwame (KC) Carlor ☁ has joined Stripe as a Strategic Account Director in the United States, previously serving as Regional Vice President, Growth Business at Salesforce.
• Andrew mentioned that Automattic and WooCommerce receive commissions from Stripe.
• Stripe has fixed an issue that previously required manual intervention by developers.
• Stripe is testing a feature to automatically cancel subscriptions after 1-2 weeks.
• Sonal Piparsania announced the successful establishment of Stripe's Seller Systems team in India.
• Stripe partnered with Upflow to innovate in B2B payments, as announced by Daniel-Marie Rouault, Head of SaaS Platform Sales - Continental Europe.
• Stripe Tour is coming to Berlin on November 7, featuring talks and demos from Stripe Sessions.
• Stripe has successfully integrated the open-source Fleet device management tool into its environment.
• Stripe co-organized the first Latinx Tech Conference in London, the Juntos Latinx Leadership Summit, with Google, Microsoft, Snapchat, Expedia, LinkedIn, and Blackrock, attracting 200 participants from over 24 nationalities.
• Stripe's Stream Infrastructure team uses Temporal to manage 50 Kafka clusters across three environments, handling 700 terabytes in Kafka publish throughput daily.
• At Stripe Tour Sydney, Canva cofounder and CPO Cameron Adams and Stripe cofounder and CEO Patrick Collison discussed balancing rapid growth, thinking big, and achieving product market fit.
• Stripe has opened a new flagship office in Toronto amid over 50% growth in payment volume from Canadian companies between 2021 and 2023.
• Relo Reserve uses Stripe for secure payment processing.
• TrueLayer, backed by Stripe, reported a 40% increase in pre-tax losses to £55.6m for 2023 despite tripling its revenue year-on-year.
• Stripe has partnered with Sunbit to expand buy now, pay later (BNPL) offerings for in-person services like auto repair and dental work.
• Sunbit has partnered with Stripe to offer Buy Now, Pay Later options for in-person services, enabling merchants to provide flexible payment solutions through the Stripe Dashboard.
• Intrinsiq uses Stripe to offer flexible and secure payment processing solutions for educational institutions, enhancing operational efficiency and customer experience.

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