Fintech

Fintech Nexus Newsletter (April 25, 2024): Stripe walking the walk on embedded finance


Until now, if you wanted to use the myriad of Stripe’s product offerings, you had to process payments through Stripe.

But that is no longer the case. At the company’s annual conference in San Francisco yesterday, Stripe Chief Product Officer Will Gaybrick announced that the company is “extending our modularity to the very core of Stripe: payments processing.”

So now, companies that have long-term contracts with Adyen, PayPal or any other processor, will be able to use any of Stripe’s products. This is targeted at large enterprises who may not be willing to break these contracts.

While Stripe started helping small businesses they are very much focused on the larger corporate market today as there are now more than 100 companies that process at least $1 billion annually by using Stripe products.

Stripe famously revealed last month that the company processed more than $1 trillion in payments volume in 2023.

With this move by Stripe, the inexorable march towards a world dominated by embedded finance continues.


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  • Peter RentonPeter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.





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