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Stripe raises $600M at nearly $36B valuation

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721 points hhs | 6 comments | 16 Apr 20 14:35 UTC | HN request time: 1.016s | source | bottom
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pc ◴[16 Apr 20 15:41 UTC] No.22890523[source]▶
Stripe cofounder here. This isn't really new -- it's an extension of our last round (https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc...).

That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s).

As always, thank you to the many HNers who are also active Stripe users!

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1. Beefin ◴[16 Apr 20 15:51 UTC] No.22890634[source]▶
Hey Patrick, understood that this is an extension of a previous round, but do you have any comments on the timing of this capital raise /w covid?

I imagine, with the huge spike in ecommerce, your platforms are crushing it, but curious to hear your take.

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2. pc ◴[16 Apr 20 16:00 UTC] No.22890729[source]▶
We've noticed a few things --

- Enterprises pivoting -- brands going direct-to-consumer, malls pivoting to online business models (seriously), and other things like that.

- SMBs going online: see this thread[0] from a French fruit seller, for example, or this thread[1] from a bar in Milwaukee. The restaurant down the street from where I used to live is now running a rapidly-growing online wine club.

- Totally new startups are getting started in response to new needs.

[0] https://twitter.com/FlorentSchmahl/status/125028359535832678...

[1] https://twitter.com/danimalnelson/status/1240004111669460992

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3. mv4 ◴[16 Apr 20 16:17 UTC] No.22890879[source]▶
wondering which of these new patterns are here to stay
4. prawn ◴[16 Apr 20 16:23 UTC] No.22890959[source]▶
We started https://do.delivery/ to offer an online ordering option to locked down businesses, using Stripe Connect. Now all I can think about is other ways to use Connect. Many established businesses have broader e-commerce needs but I’ve seen farmers offer vege boxes and meal packs to great local support. Many smaller businesses are wary of investing much to start.
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5. moneywoes ◴[16 Apr 20 18:57 UTC] No.22892343{3}[source]▶
What did you build the landing page with? Looks very nice.
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6. prawn ◴[17 Apr 20 00:01 UTC] No.22894859{4}[source]▶
Thanks. Just custom. We built the original core in 36 hours and the landing page looked a bit different then, intending to be simple and barebones. My mother in law asked when I was going to finish the design, so I redid it instead.