Headquartered in San Francisco and founded in 2010, Stripe is an online payment processor that allows people and businesses to accept payments through the internet and mobile apps. Stripe’s other customizable features allow merchants to take advantage of recurring billing and accept bitcoin. Stripe has offices and a host of remote employees working in cities, like Seattle, New York, San Francisco, Berlin, Tokyo, London, and Singapore, around the globe. It employs 1,000 people.
Stripe was founded Patrick and John Collison. The brothers, who say they taught themselves coding before they became teenagers, quit college to start their first business, Auctomatic. In 2008, they sold the auction and marketplace management system for $5 million and began working on Stripe.
Stripe processes billions of pounds worth of transactions worldwide every year, with its wide-ranging customer base of over 100,000 businesses. Many well-known web and mobile businesses, such as Salesforce, Lyft, Twitter, and Kickstarter, use Stripe. Additionally, it was one of the first payment providers to support Apple Pay. Investors, including Sequoia Capital, American Express, Visa, Peter Thiel (co-founder of PayPal), and Elon Musk (founder of SpaceX and co-founder of Tesla, have given an estimated $450 million in funding to Stripe.