FinTech Magazine December 2019 | Page 74

TOP 10

01

STRIPE

MARKET VALUATION

$ 35bn

[ San Francisco , CA , US ]

74
It ’ s hard to overlook the rise of online payment innovator Stripe . The San Francisco-based fintech is behind a suite of online payment solutions , which it refers to as “ the complete toolkit for internet business ”. Originally designed for small businesses navigating their way round ecommerce , today it ’ s used by tech giants such as Amazon and Microsoft . The business was founded by Patrick and John Collison , who wanted to make life simpler for those new online businesses looking to establish online billing and payment systems . Fast forward nine years and it ’ s now a featured company on the Forbes Fintech 50 list of the most innovative companies in fintech and recognised as one of the most highly valued private fintech companies in the US ( as of 2019 ). DECEMBER 2019