Note from Editors:
Visa led a round of #funding for Stripe, a Silicon Valley payment #startup and Y Combinator alum, that upped the company’s value to US$5 billion. Stripe is “a programmer-friendly backend “plumbing” that enables #apps and online stores to take payments from anybody, anywhere.” Visa’s #investment meant partnership with Stripe.
by Matt Weinberger
Stripe, the hot Silicon Valley payments startup and Y Combinator alum, has taken in a round of funding led by Visa that values the company at $US5 billion.
Stripe sets itself apart from other payments services by being the programmer-friendly backend “plumbing” that enables apps and online stores to take payments from anybody, anywhere.
Stripe counts companies like Facebook and Lyft as customers, helping them accept credit card payments while being totally invisible to end users.
It competes with the likes of PayPal Braintree, the payments juggernaut’s own developer-focused division.
Visa’s investment comes with a partnership. Basically, Stripe will take advantage of Visa’s security know-how to help protect shoppers’ #financial information, and Visa will tap Stripe’s technical expertise to work on new kinds of digital payments.
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Curated from Visa invests in Payments Startup Stripe at $5 billion Valuation
Note: Featured Image credit to nltimes.nl