Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Stripe launches products to support platforms powering economic reboots

Stripe, a provider of economic infrastructure for the internet, has announced the launch of a series of products to help platforms and their business customers adapt as the economy bounce backs.

Stripe has provided the critical infrastructure for platforms such as Instacart,, Amazon, DoorDash, Shopify and Slack to meet surging demand imposed by the COVID-19 pandemic. According to Stripe, platforms powered by the company have access to an enhanced toolkit to help their own customers adapt to the fast-changing economic environment. By offering customers more control over their subscriptions and more options to pay with international bank debits, platforms can use Stripe’s infrastructure to improve their end-customers’ experience as well as to increase their own bottom line.

“There’s no part of building a SaaS platform we don’t obsess about. From the new customer portal through to a dashboard that shows everything right down to MRR by product and plan, we’re consistently shipping features—from home—to make the process of building a SaaS platform effortless,” said James Dyett, Head of Product Growth at Stripe.

Stripe Billing is being used by more than 100,000 platforms with recurring revenue streams to provide customers with a seamless payment experience and maximise revenue. The FinTech’s hosted invoices get paid three times faster than typical invoices, and Billing’s integration with Stripe’s payments stack brings a range of additional revenue optimisations.

Technology companies, including Cloud Kitchens, ChowNow, Figma, Masterclass, Notion, Slack and Smartsheet, have chosen to integrate Stripe Billing to optimise their growth and enhance customer experiences.

“Stripe allows us to scale our payments system effortlessly. We’ve found that their out-of-the-box features like invoice PDFs, Smart Retries, and Subscriptions save us time and engineering resources enabling us to focus on billing features that are more specific to Figma,” said Davy Mao, an engineer at Figma.

Stripe has also announced the launch of a customer portal for Billing so that platforms with recurring revenue streams can give their customers greater control to manage subscriptions while minimising engineering investment. The portal is a secure, Stripe-hosted page that lets customers manage their subscription and billing details, such as payment information updates, choosing from different payment plans, or viewing their entire billing history.

This year, as economy reboots, support for international payment methods is critical for businesses looking to tap into increased spending power in markets. Stripe is adding support for Bacs Direct Debit in the UK, FPX bank debits in Malaysia, BECS Direct Debit in Australia, and Pre-Authorized Debits (PADs) in Canada. These supports help platforms with recurring revenue streams to use Stripe to handle the strict design and compliance requirements associated with accepting these bank debit payment methods. 

Founded in 2010, Stripe is a technology company that builds economic infrastructure for the internet. Its customer base includes Wayfair, Peloton, Zoom, Instacart, Shopify, Instacart, Twilio, Westfield, Just Eat, to name a few. Recently, Unanet A/E partnered with Stripe for faster payments.

Related IBS Intelligence Research

Related Posts

NAB

NAB to recruit bankers and advisers for high net wealth clients

National Australia Bank (NAB) announced that it will recruit 50 new bankers and advisers, as part of its new strategy to provide high net wealth clients with a single point of access for their financial needs, ranging from wealth creation, business growth to retirement needs and philanthropic investment. JBWere CEO and leader for NAB Private, […]

This post is only available to members.

Read More »

EQ launches new automated complaints management product

EQ has announced that it is launching a new automated complaints management product for the financial services industry, EQ Complaints Professional. The new solution is expected to enable firms to enforce their FCA compliance immediately as well as continually as regulation changes. Andrew Edler, MD of EQ Charter, commented, “We are delighted to bring this […]

This post is only available to members.

Read More »
bank, FinTech, neobank, smartbanks, challenger banks, Asia

Australia’s big 4 banks welcome the launch of open banking

The Competition and Consumer (Consumer Data Right) Rules went live on July 1, in Australia. This has been welcomed by the big 4 banks of the country – ANZ, Westpac, Commonwealth Bank and NAB where they will be sharing their customers’ data with third parties, when requested by the customer. Angus Sullivan, CBA’s Group Executive […]

This post is only available to members.

Read More »

Lendio facilitates $8 bn in PPP loans to 100,000 small businesses

Lendio, a leading marketplace for small business (SMB) loans, announced that the company has till now facilitated $8 B in Paycheck Protection Program (PPP) loans for 100,000 small businesses. The firm’s partnership with 300 SBA-approved financial institutions and FinTech leaders has helped the company to secure COVID-19 relief funds for several underserved segments of the […]

This post is only available to members.

Read More »