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526

Stripe launches Stripe Capital to make instant loan offers to customers on its platform

via TechCrunch

Stripe has made the long-awaited move into business finance and launched Stripe Capital, a service for advancing cash to customers that in turn gets repaid out of their future sales made through Stripe’s payment platform, with loan amounts and repayments based on the customer’s transaction activity on Stripe itself. (more…)

Payment processors/providers/gateways, SME

September 5, 2019

1112

Step raises $22.5 million to help teens manage their money

via VentureBeat

Step, a financial services startup that offers fee-free money management accounts to teens, today announced that it has secured $22.5 million in a series A round led by Stripe, with participation from existing investors Crosslink Capital, Collaborative Fund, and Sesame Ventures. The round — which also saw contributions from Will Smith’s Dreamer’s fund, hip hop musician Nas, consumer tech holding company WndrCo, former NFL player Ronnie Lott, Matt Rutler, Kevin Gould, and Noah and Jonah Goodhart — brings Step’s total raised to over $25 million. CEO and cofounder CJ MacDonald said the new funds will be used to expand Step’s offerings, workforce, and user base. (more…)

Banks, Mobile-first banks, PFM/PFP services

June 6, 2019

1399

Stripe acquires Touchtech, updates APIs to prep for strong customer authentication in Europe

via TechCrunch 

Stripe, the payments powerhouse that is now valued at $22.5 billion, has made an acquisition to help it gear up for new regulations in Europe that will be rolled out later this year to improve security in online transactions. It has acquired Touchtech Payments, a startup out of Ireland that works with banks to help them build and manage Strong Customer Authentication, a verification process that will typically require customers to provide two different forms of authentication from card holders in order to process transactions. SCA will be required on most transactions in Europe from September 14 of this year.

Alongside this, Stripe itself is updating its APIs, partly in line with these changes. This will include a new default payments API, a new checkout and upgraded billing. (more…)

Open Source/ API, Payment processors/providers/gateways

April 17, 2019

1362

Tandem Bank launches ‘Autosavings’ account

via TechCrunch

Tandem Bank, the U.K. challenger bank, is launching a new savings account powered by its “Autosavings” feature designed to make it easier to save.

Paying 0.5 percent interest, the Tandem Autosavings account is effectively a flexible savings bank account built on top of Tandem’s existing bank account aggregation app and the various credit cards it offers. Using a number of rules, it will automatically put money aside based on your spending habits and what its algorithm deems you can afford. (more…)

Banks, Fintech news

March 20, 2019

2200

How fintechs are revolutionizing the customer onboarding process

via Finextra

As per a recent CNBC report (1), In US, fintech companies accounted for 38 percent of all US personal loans in 2018. That’s a revolutionary growth from just 5 percent in 2013. On the other hand, traditional banks’ share of these loans has fallen down to a mere 28 percent that used to be 40 percent in 2013.

Fintechs are surely heading in the right direction and are proving to be real challengers to incumbent banks. One of the biggest factors that differentiate fintechs from traditional banks is that they do not carry a burden of multiple legacy systems that banks often struggle to get rid of. Fintechs have been able to adapt to latest technologies and processes much faster than the banks. Apart from that, banks live with huge silos like silos within different lines of businesses, amongst various channels and even processes. Fintechs being smaller in size leverage data or experiences in one part of the company in the other part much more effectively. (more…)

Fintech news

March 19, 2019

2587

You don’t know who the world’s largest fintech startup is

By Ian Kar for Qz.com

The world’s largest fintech startup is AliPay, the digital bank company that split from e-commerce giant Alibaba in 2011. (more…)

Fintech news, InspirAsia

April 1, 2016

27085

Online acquiring: Stripe and Competitors

Top companies in the global online acquiring industry and ways how they turn challenges into opportunities

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Cashless, Fintech news, Global trends, InspirAsia, POS/mPOS and online acquiring

March 20, 2016

2080

Stripe Atlas’ hidden benefit: unlocking US VC money to startups everywhere

By David Corbin for techinasia

“If you were Stripe, what would you do in Asia?” His voice was steady, polite. (more…)

Fintech news

March 1, 2016

1819

Stripe’s New Service Helps Overseas Startups Launch in the US

By Jessy Hempel for The Wired Magazine

SIX YEARS AGO, Irish brothers John and Patrick Collison set out to make sending payments dead simple for businesses—as easy as pasting a line of code into their apps. It’s working. Today their company, Stripe, powers mobile payments for startups like Lyft and Slack and Fortune 500 companies like Best Buy. Now, the Collisons want to take the complexity out of starting a business in the first place—and render geography irrelevant in the process. (more…)

Deals, Fintech news, POS/mPOS and online acquiring

February 24, 2016

3493

How Stripe can win the payments war in Asia

By Karen Mok for TechinAsia.com
Stripe is one of the most beloved startups in Silicon Valley. Stripe has been a definitive success in the US, but it’s looking beyond those borders in its next phase of growth. Asia is a clear contender – it has about half of the world’s smartphone users and is predicted to see the fastest e-commerce growth in the world in the years to come.

(more…)

Analytics, Fintech news, Mobile payments/banking

February 19, 2016

4593

25 FinTech Startups That Expanded Globally Despite Regulations & Other Problems

Borderless innovation is a broad topic, which includes global expansion, global networking, cross-country laws, global business opportunities and partnerships and a lot more. A few FinTech startups have been successful in global expansion.

(more…)

Banks, Cashless, Fintech news, Global trends, news, SME

February 19, 2016

2145

How John And Patrick Collison Built Stripe Into The PayPal Of The Mobile Era

By Miguel Helft for Forbes,

THE FIRST SIGNAL YOU PICK UP that John and Patrick Collison, who cofounded mobile payment phenomenon Stripe, are not big on the trappings of corporate status is a North Face backpack. (more…)

Banks, eWallets, Fintech news

January 18, 2016

3078

PayPal IPO Vs Stripe Future

VentureBeat: PayPal started trading on the Nasdaq this morning at $41.46 per share. As an independently traded company, Paypal is already valued at roughly $50B. Compare that with eBay’s market cap of about $33.64B. After spinning off PayPal, eBay’s stock was trading down at $26.89 this morning. (more…)

Deals, Fintech news, Mobile payments/banking, news, p2p-payments, POS/mPOS and online acquiring

July 21, 2015

2457

The 7 Hottest Fintech Companies In Silicon Valley

BusinessInsider: Our 2015 Silicon Valley 100 list highlights the coolest people and companies in Silicon Valley right now. While only seven companies on our list are in the consumer financial technology (fintech) industry, they’re a wildly successful bunch. According to recent numbers, the US is the leading country in investments in FinTech in the last year (up 200% from the previous year). (more…)

Fintech news, news

July 21, 2015

1575

Amex Negs Digital Wallets To Build Its Own Checkout, Pairs With Stripe To Spread It Wide

TECHCRUNCH: As Apple continues to build out Apple Pay for transactions in retail stores, one of its key partners is making a move to own the payment experience more directly online. American Express today is launching a new feature for cardholders called Amex Express Checkout, which it says will let them pay for goods and services on web, mobile and in apps with a single password that cardholders already have and use to access their Amex accounts — not unlike PayPal’s password-based checkout option.
(more…)

Deals, Fintech news, news

July 9, 2015

1697

US Payment Startup Stripe’s New Plan Threatens To Crush One of Europe’s Hottest Fintech Firms

BUSINESS INSIDER: Stripe, the £3.2 billion ($5 billion) US online payments start-up, is rolling out across the Nordics, taking it head-to-head with one of Europe’s most valuable fintech businesses. Stripe’s co-founder John Collison announced at MoneyConf in Belfast today that the company is launching across Sweden, Denmark, Norway and Finland this week. That puts it in direct competition with Klarna, a rival Swedish online payment company valued at £650 million ($1 billion).

(more…)

Fintech news, POS/mPOS and online acquiring

June 15, 2015

1855

PayPal’s One Touch Instant Web Checkout Service & Stripe’s New iPhone App

TECHCRUNCH: As PayPal moves closer to its spinoff from parent eBay, the company continues to expand the services it will have to generate revenue as a standalone business. In the latest development, today PayPal is expanding One Touch on the web — a widget that lets people use PayPal to pay for goods on third-party websites without needing to re-enter passwords or their user IDs — outside of the U.S. The first markets for its international rollout will be the Canada and the UK. (more…)

Fintech news, news, POS/mPOS and online acquiring

June 9, 2015

1874

Turkish Online Payment Company And Stripe Competitor Iyzico Closes $6.2 Million Series B

TECHCRUNCH: Turkey’s Iyzico, which provides a platform to let e-commerce sites and other apps easily accept online payments, has raised a $6.2 million Series B. Leading the round is International Finance Corporation (IFC), the World Bank’s investing arm, while Istanbul-based VC 212, Endeavor Catalyst, and Austria’s Speedinvest also participated. The startup has now raised $9.4 million in total since it was founded in 2012. (more…)

Deals, Fintech news, news, POS/mPOS and online acquiring

May 26, 2015

1641

Stripe In Talks For New Funding At A $5 Billion Valuation

TECHCRUNCH:  API-for-payments startup Stripe is raising a new round of funding, according to sources with knowledge of the talks. One source with direct knowledge of the talks tells us that one of the leading investors in the deal is Yuri Milner’s DST Global. (more…)

Deals, Fintech news, news, POS/mPOS and online acquiring

May 20, 2015

The Twentysomething Brothers Behind a $3.6 Billion Payments Company

Inc.:  Sometimes the most stunning changes arise from the smallest of ideas. That’s the origin story of Stripe, the payments company that’s quietly eating the lunch of entrenched competitors in the $1.5 trillion global e-commerce payments industry. Founded in 2010 by wunderkind brothers John and Patrick Collison–serial entrepreneurs who hail from Limerick, Ireland–Stripe is making the digital payment process for smartphones and websites so pain-free, it’s practically invisible. (more…)

Fintech news, Mobile payments/banking

April 22, 2015

1798

Stripe To Enter Singapore Market?

TECHINASIAStripe may be making its way to the Singapore market, if certain reports from local entrepreneurs are accurate. The US-based company that provides web and mobile payment methods to online businesses has seemingly been testing the waters in the area, where competing service Braintree has already established a presence. (more…)

Fintech news, InspirAsia, Mobile payments/banking, news, Singapore

April 6, 2015

1639

Stripe Launches Major API Update To Help On-Demand Startups Go Global

THE NEXT WEB: Stripe, the payment company that’s quietly building the best way to pay people online, hastoday launched a major API update to its Connect API. The new API builds on what the company learnt from modern “platform” companies such as Instacart, Shyp and Lyft, that employ many ‘sellers’ to get their work done. (more…)

Fintech news, news

March 24, 2015

1565

Balanced To Close Its Payment Platform, Strikes Transition Deal With Rival Stripe

TECHCRUNCH: The march of consolidation in the world of e-commerce has claimed its latest victim.Balanced, a payments platform for peer-to-peer marketplace businesses, is closing its doors after failing to grow fast enough, or as co-founder Matin Tamizi describes it, “reach the escape velocity necessary to be a large, innovative, independent player in the payments space.” The company, a Y-Combinator alum, has struck a deal with one of its longtime rivals,Stripe, to act as its transition partner for existing customers.

(more…)

Deals, Fintech news, Mobile payments/banking

March 13, 2015