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Havish Gupta
Figuring Outย โขย 1y
How Two Brothers Built a $100B Company! This is the story of Patrick Collison and John Collison, two Irish brothers with a passion for technology and entrepreneurship. In 2010, the Collison brothers were frustrated by the complexity of online payments. Thus, they launched Stripe with $200,000 in seed funding, aiming to simplify payments for developers and businesses. They launched a beta version in 2010 and officially debuted in 2011. The task of adding payments, which once took days, could now be completed with just a few lines of code. Developers loved this, while users became fans of its interface and versatile payment options. This success led to their first major milestone: raising $18M in Series A funding, led by Sequoia Capital. And then they never stopped!! In 2014, they expanded to Europe. In 2015, they had already processed $10 billion in payments. In 2016, they operated in 25+ countries. In 2021, Stripe raised $600M, valuing Stripe at $94.4 billion. Today, Stripe is the biggest payment processing company, handling $1 trillion annually, generating $15 billion in revenue, and powering 1.6 million websites.
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