Sequoia-Backed Stripe Wants To Disrupt The Online Payments Space

In March, we wrote about Stripe, a new payments startup cofounded by brothers Patrick Collison and John Collison. The stealthy company was tackling online business to business and business to consumer payments, and had already received $2 million in backing from a number of all-star investors including PayPal founders Peter Thiel and Elon Musk, as well as Sequoia Capital, Andreesen Horowitz and SV Angel This week, Stripe actually launched to the public and we now have more details on how the startup plans to disrupt a space dominated by PayPal and others. Stripe, which has been in private beta, is a more developer friendly, easy to use payments platform. The platform supports Ruby, PHP, Python, you don't need a merchant account or gateway and Stripe will handle everything, including with storing cards, subscriptions, and direct payouts to a bank account.

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