Company
Private
Stripe
Stripe, Inc. was founded in 2010 and provides payment processing and financial infrastructure for businesses operating online. It is privately held, with operations centred on South San Francisco and Dublin.
The company sells the plumbing that lets other businesses accept money, along with billing, fraud prevention, and the tools companies need to pay out to sellers and contractors. It earns a share of each transaction, so its revenue rises with its customers’ rather than with new sales.
Payment infrastructure is one of the sharpest constraints on African e-commerce. Which processors will serve which countries, in which currencies, and at what cost decides what an online business can realistically sell and to whom.
