Stripe To Receive Funding From American Express, Visa and Sequoia Capital

Stripe To Receive Funding From American Express, Visa and Sequoia Capital
28.07.2015 01:00 am

Stripe To Receive Funding From American Express, Visa and Sequoia Capital


Hot payments startup Stripe has landed a new round of funding from investors including American Express, Visa and Sequoia Capital, valuing the San Francisco-based company at $5 billion.

Eye watering valuations aside, the most interesting aspect of the deal is the recruitment of Visa to the Stripe fanbase. The startup says it has signed an agreement with the card scheme to work on digital transactions like website 'buy buttons' and payments security. 

Stripe last month released code for e-commerce merchants to add American Express 'buy button' signage to the checkout - a move which enables the card scheme to compete on a more even footing with PayPal.

With Visa onboard, Stripe will not only gain access to a much larger merchant base, it will also be able to grow its business internationally, expanding beyond the 25 countries currently serviced by the company.

The value of the funding was not confirmed, but speculation suggests it is near the $100 million mark.

Related News

Brady Harris Joins Dwolla as CEO to Scale Distribution

Dwolla, the programmable payments platform, today announces the appointment of Brady... Read more »

Poland’s National Payment Processor Partners with Cryptomathic to Deliver eIDAS-certified Remote Qualified Electronic Signature Services

Polish citizens can now sign documents digitally using mSzafir, a remote qualified e-signature service with the highest levels of security under European law, thanks to a new... Read more »

Mastercard enables Contactless limit raise across 29 countries; and champions permanent increase

Today Mastercard announced its commitment to enabling the increase in contactless payment limits across... Read more »

TransUnion Research Quantifies How Social Distancing is Changing Shopping Patterns

TransUnion (NYSE: TRU) today released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23%... Read more »

Wirecard expands presence in Mexico

Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to... Read more »

Barclaycard to enable UK retailers to accept new £45 Contactless Limit

Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, will be rolling out the deployment of the new £45 contactless limit across UK retailers... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel