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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments. In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. Source: Square.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). Swipe fees alone are a $90B-a-year business for banks, card networks like Visa, and payment processors like Stripe. Its first entry point in the market was in payments in October 2014.