Stripe’s 2015 valuation put the company value at $5 billion. This isn’t bad for a company that is still technically a start-up. Hitting the online world in 2010 Stripe has exploded onto the scene and is already licking the heels of PayPal. Cheaper rates and improved flexibility are the biggest attractions to Stripe. Since Stripe’s core function is recurring payments, companies are moving away from conventional payment gateways, such as World Pay and Sage Pay and looking to Stripe to provide the answer. Coupled with its flexibility, low fees and recurring payment methods, Stripe has an open and comprehensive API which developers absolutely love.

So near the end of 2015, having been around for only 5 short years, Stripe was valued at $5 billion by the New York Stock Exchange. This pushed it onto the scene even more. Suddenly, other more established payment gateways sat up and began to pay attention. PayPal acquired Stripe’s closest competitor Braintree (yes it’s called Braintree) for some $800 million but quite what their intended use for this company it is yet to be seen.

Recently Stripe ran a new funding campaign as they gear up to take the next step forward. Most likely this will be the attack on PayPal’s core customer base, but this is yet to be seen. The big news however, is that following this funding drive they are now valued at $9.6 billion. And you don’t have to be good at maths to know that that’s almost double its 2015 valuation. For a company to increase its value but $4.6 billion in one year is a major achievement in itself, but there is more. Stripe now integrates with Apple Pay, they’re rolling out new features and modules all the time.

Making themselves more useful, cheaper, more flexible and easier to work with than PayPal is paying dividends. They’ve got bigger expansion plans and as they develop we will keep a close eye and keep our fingers on the pulse.

As Stripe progresses and develops ever more useful functions we will be keeping ourselves abreast of the situation. As a specialist Stripe developer, we have to keep ourselves informed and work closely with the API and service updates in order that we can provide you with the best service possible.

Our specialisation with working with Stripe sets us apart drastically, we are one of the few agencies offering a specialisation in Stripe services and integrating it with systems and websites alike. Helping our customers to take money through their websites and internal systems as much and as often as possible. This is a huge value add to our client’s businesses and we owe it to them to be sure that we are well informed and as up to date as we possibly can be. Watch this space.