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On June 6, 2019, Stripe led a $22.5 million fundraising round for Step, a financial services startup offering fee-free bank accounts to teenagers. [ 97 ] On March 26, 2020, Stripe led a $20 million Series A fundraising round for Fast, a company creating a universal, one-click checkout service. [ 98 ]
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The nonprofit Stellar Development Foundation was created in collaboration with Stripe CEO Patrick Collison and the project officially launched that July. Stellar received $3 million in seed funding from Stripe. [6] [7] Stellar was released as a decentralized payment network and protocol with a native currency, stellar. At its launch, the ...
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In 2018, Stripe, under the direction of the Collison brothers, contributed $1 million to California YIMBY, a pro-housing development lobbying organisation. [15] In September 2019, it was announced that Stripe had raised an additional $250 million at a valuation of $35 billion. [16] Together, the brothers hold a controlling interest in Stripe. [17]
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Support for American Express was reintroduced in late January 2019 on a top-up basis. [12] When Amex blocked several thousand customers from using Curve's services that week, on February 1, 2019, it was reported that Curve was considering suing Amex, [13] alleging anti-competitive action. [14] In 2019, Curve launched a metal card.