University of Minnesota - UMN Executive Leadership Insights
The Untold Story of Stripe, the Secretive $20bn Startup Driving Apple, Amazon and Facebook
Article

The Untold Story of Stripe, the Secretive $20bn Startup Driving Apple, Amazon and Facebook

Stephen Armstrong
Wired, 2018
Read the article

Read or listen offline

Amazon Kindle
автоматическое преобразование текста в аудио
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
автоматическое преобразование текста в аудио

Editorial Rating

7

Qualities

  • Innovative
  • Overview
  • Background

Recommendation

If you have ever bought anything on Amazon, subscribed to Spotify or paid for a Lyft ride, you may be surprised to learn that software company Stripe may have processed your payment. Unlike PayPal, the $20 billion startup operates quietly in the background and won’t show up on your credit card bill. In Wired magazine, British journalist Steven Armstrong provides a colorful portrait of the company’s founders and their mission to facilitate e-commerce around the world. 

Summary

Small- and medium-size enterprises contribute up to 40% toward national GDP in emerging markets. E-commerce companies, in particular, have enormous growth potential in emerging economies. Some forecasts predict that 70% of Internet commerce will originate in these markets. While developing countries don’t lack talented entrepreneurs or untapped business opportunities, people trying to set up companies often struggle with the financial side of the business. A case in point are two Egyptian entrepreneurs: Dana Khater, owner of the e-commerce fashion platform Coterique, and Mostafa Amin, founder...

About the Author

Stephen Armstrong is a freelance journalist based in the United Kingdom. 

Comment on this summary