Stripe Notches $600M In Extended Series G Funding Round
As COVID-19 moves the economy online, Stripe unveiled an extension of its Series G funding round. The company brought in $600 million in additional funding from investors with the inclusion of Sequoia,...
View ArticleToday In Payments: Uber Expects Revenue Plunge; Coronavirus Triggers First...
In today’s top news, Uber withdrew 2020 guidance as it anticipate revenue decline, and China’s economy will record its first-ever GDP loss. Plus, banks can take stimulus money to cover withdrawn...
View ArticleStripe Rolls Out Major Updates To Core Payments Platform
Stripe, the San Francisco digital payment platform popular with Shopify, Instacart and other major online retailers, announced major updates to its software on Thursday (April 23) that will connect...
View ArticleStripe’s John Collison On Improving ‘The Art Of Authorization’ Amid A Digital...
“No one should be satisfied with the status quo.” That’s how Stripe Co-founder and President John Collison characterizes the state of digital commerce today. The global coronavirus pandemic, he told...
View ArticleToday In Payments: PPP Loans Could Trigger Treasury Investigation; SMBs Say...
In today’s top news, Treasury Secretary Steven Mnuchin said companies that received Paycheck Protection Program (PPP) loans without qualifying could face investigations, and some small- to medium-sized...
View ArticleToday In Payments: 19 Firms Trialing China’s Digital Yuan; Treasury Directs...
In today’s top news, 19 firms are participating in a pilot program to trial China’s new digital yuan, and the U.S. Treasury ordered public companies to return Paycheck Protection Program (PPP) loans....
View ArticleID Verification, Insurance AI, Stimulus Funds Top This Week’s News
It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into identity verification as...
View ArticleQuadPay, Stripe Debut New Buy Now, Pay Later Option
Stripe will partner with QuadPay for the payment installment platform’s new buy now, pay later option that lets customers access up to $500 to shop at a large variety of businesses, Stripe announced...
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The Netherlands Overtakes Spain In Mobile Wallet Usage
New PYMNTS data shows that mobile wallet usage in the Netherlands has pulled ahead of Spain. According to the latest Connected Economy report, “How The World Does Digital: Different Paths To Digital...
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Stripe Reportedly Cuts Valuation for Third Time Since June 2022
Stripe has reportedly reduced its internal valuation by 11%, the third cut since last year. The reduction represents an implied valuation of $63 billion for the payments company, The Information...
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Amazon to ‘Significantly Expand’ Use of Stripe
Amazon plans to “significantly expand” its use of payments platform Stripe. “Under the new agreement, Stripe will become a strategic payments partner for Amazon in the U.S., Europe and Canada,...
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Stripe Punts Decision on IPO Till Next Year Amid Economic Gloom
The public may soon be able to buy shares in payments processor Stripe. The Wall Street Journal (WSJ) reported Thursday (Jan. 26) that Stripe is considering either going public or allowing employees to...
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BMW of North America Taps Stripe to Power Online Payments
BMW of North America has selected Stripe as its primary payments infrastructure. The financial infrastructure platform will facilitate the automaker’s U.S. vehicle preorders and online purchases of...
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Stripe Nearing Fundraise Valuing It at $55B-$60B
Stripe is reportedly nearing a deal to raise $3 billion from its existing investors. The Information reported Monday (Jan. 30) that the deal would value the payment platform at between $55 billion and...
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FinTechs Bring Payments Innovation to Connected Economy Leader Singapore
The world’s most digitally connected country is also a lead innovator in facilitating international business payments. The PYMNTS Q3 2022 ConnectedEconomy Index, “How the World Does Digital,” tracks...
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WPP and Stripe Partner to Develop Commerce and Payment Solutions for Brands
WPP and Stripe have partnered to develop commerce and payment solutions for brands. With this collaboration, WPP has joined the Stripe Partner Ecosystem as a consulting partner and will help their...
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Stripe Says It Expects to See $1T in Payments Volume in 2023
Stripe reportedly expects to process $1 trillion in payment volume this year. That figure would be up from the $800 billion the payment platform processed in 2022, Bloomberg reported Friday (Feb. 17),...
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Stripe Reportedly Looking to Raise $4 Billion Via Special Vehicle
Stripe is reportedly in the process of raising $4 billion from investors. Bloomberg reported Thursday (Feb. 23) that the payment platform is working with banks to make the offering through a special...
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Debit Card Transactions Soar in Germany Amid Digital Wallet Growth
Germany’s girocard clocked 6.7 billion transactions in 2022, a 13% increase compared to the year prior. This led to a 12.2% jump in sales to more than €284 billion during that same period, the...
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Stripe Slashes Valuation of $55B Funding Campaign
Stripe has lowered the valuation of its $55 billion fundraise by around 10%. The reduction was reported late Tuesday (Feb. 28) by The Information, which notes that the payments processing company has...
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