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Stripe expanded its payment processing platform into Canada today, so Canadian businesses, mounties, and hockey players can integrate the technology into their websites. If they aren’t too busy drinking maple syrup, that is.
But seriously, developers use Stripe to enable transactions online. The platform powers commerce for thousands of companies that want to accept payments online, like Foursquare, MoMA, and Shopify.
Stripe handles card storage information, subscriptions, and interactions with bank accounts. Rather than building their own platforms, developers can use Stripe’s API and begin doing business.
While payments can be paid out to anywhere in the world, the crossing of the border into Canada means that our Northern brethren can now accept payments as well. The service is the same, and the company views it as the first step in their international expansion.
In her blog post about the news, employee Sheena Pakanati wrote about how going abroad fits into Stripe’s overall mission.
“In many ways, launching in Canada is a big step for us—going from ‘1’ to ‘2’ is often harder than going from ‘2’ to ‘n’—but it’s only a small piece of what we have in mind,” she said. “We grew up in countries from Honduras to Kenya, and a large part of why we’re so eager to build Stripe is to help those outside the U.S. to participate as first-class citizens in the Internet economy.”
The company added $20 million to its bank in July and is valued at hundreds of millions of dollars. It’s roster of investors involves some of the biggest names in the venture capital world: Sequoia, Peter Thiel, Andreessen Horowitz, Elon Musk, General Catalyst, and Redpoint.
Stripe is in San Francisco, and it tells those who are interested to watch for updates.
Where in the world will this company go next? Like searching for Waldo, just keep an eye out for stripes.