More than ever, the décacorne Stripe is among the major players in the online commerce.
Stripe, the fintech based in San Francisco offering solutions to companies and online payment, just make a new fundraising series G, valued at $ 600 million. It is an expansion of the previous round table of September 2019, where the company already had been able to obtain financing of $ 250 million, which had upped its valuation to more than $ 35 billion.
This news comes in the midst of a crisis in health and economic related to the epidemic of COVID-19. The period is far from being outside the context of this surge for the fintech irish origin. ” People who have never imagined using the Internet to consult a doctor or buy groceries, do so now by necessity,” said John Collison, president of Stripe in a press release, showing the opportunity of the market of online commerce and the opportunities for growth in its number of customers.
The current context is very profitable to the players of the fintech (such as the neo-banks and online banks) as for the online business. A perfect cocktail for Stripe, who wants to offer their solutions on-line payments. The startup explained that some of his american customers had exceeded one billion dollars in sales since the arrival of the epidemic, promoting online transactions.
Also, Stripe has little application Zoom, which has seen its number of users jump to 200 million. Stripe also works with Shopify Booking.com, Heetch and Deliveroo, and number of customers continues to grow in 2020. ” The companies that have reported their transition online, or who had no reason to operate online have taken the plunge virtually overnight,” added the president of the décacorne.
How the containment has changed our shopping habits
With its new round table, Stripe wants to save its place on a market that is undergoing consolidation. Its competitors are the English Checkout, Adyen, but also and always PayPal, which was, in 2019 the fourth application fintech with the largest growth in the number of customers in France, with its solutions for mobile payments. For Stripe, the investment need will be mostly the direction of the international. Positioned in 35 countries, the company intends to continue its deployment, particularly in Asia and Latin America.