Stripe accelerates its European expansion
Stripe is flexing its considerable financial muscle, launching its entire e-commerce product line in Germany, Austria, Switzerland, the Netherlands, Belgium and Luxembourg.
The San Francisco-based company supports various startups in these European markets, and intends to deliver the payments mechanisms that consumers are seeking.
"While it would certainly be easy to launch the same product in every market, we have taken the time to work closely with local developers in each of these countries to better understand how consumers want to pay, and how local nuances drive complexities in their businesses," Stripe said in a statement.
Developers in the new European markets can start accepting payments within minutes through Stripe, which will also provide technology for creating subscriptions, monitoring revenue, and using advanced machine learning to help detect fraud through a product called Radar.
Stripe Connect, for creation of payment platforms or marketplaces, will also be available for onboarding, compliance, pay-in and pay-out networks, the company said. Stripe Connect was modified two years ago to simplify its use in international markets. The revamp also put Connect's focus on powering on-demand marketplaces like Kickstarter, Lyft, Instacart, Shopify, Jinn and TaskRabbit.
Prior to its expansion, Stripe has been available in the U.K., Ireland, Denmark, France, Spain, Norway, Finland and Sweden.