Stripe- Collison Brothers!

Ahmet Arda Orak

2 min readMar 12, 2022

Founders

Patrick Collison, John Collison

When

Stripe was founded in 2010 by two brothers.

Why

Despite internet businesses growing faster than the rest of the economy, only about 3 percent of global commerce happens online today.

Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every size — from new startups to public companies — use our software to accept payments and manage their businesses online.

Value

Over 95 billion dollars.

What does Stripe Do

Stripe is an online payment processing and credit card processing platform for businesses. When a customer buys a product online, the funds need to be delivered to the seller; Insert Stripe. Stripe allows safe and efficient processing of funds via credit card or bank and transfers those funds to the seller's account.

Story

While he was a freshman Patrick Collison founded Automatic. When he was 19 in ten months of establishment, the company was bought by LCM for 5 million dollars. Meanwhile, younger brother John attended Harvard in 2009.

In 2010 Patrick and John started working on Stripe. At that time they were questioning how to make web trading more feasible. For the solution, they looked at connections for 6 months.

In 2-weeks they built the prototype. They were not sure that people will understand their differences from PayPal. But despite their worries here they have valued over 95 billion dollars.