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TechFinancial Technology

Stripe Continues Global Expansion With Key European Launch

By
David Meyer
David Meyer
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By
David Meyer
David Meyer
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June 8, 2016, 6:01 AM ET
Stripe.com, John Collison, Patrick Collison
Stripe.com, John Collison, Patrick CollisonPhotograph by Gabriela Hasbun for Fortune

The San Francisco payments “unicorn” Stripe has officially launched in France, following a testing period of over a year.

According to the firm, that beta phase already saw thousands of French businesses adopt its service, which lets companies add a few lines of code to their websites in order to accept payments. Examples include Withings (the connected-products manufacturer that Nokia is buying), video site Dailymotion, and password-management service Dashlane.

Stripe, which was valued at $5 billion in a funding round last year, said in a Wednesday blog post that it had built up a French team in its Paris office and can support French businesses in their language.

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“Now that Stripe is publicly available in France, we’re looking forward to seeing all the new products and services that French entrepreneurs will develop with Stripe,” it said.

Stripe is pushing hard to expand right now. When arch-rival PayPal (PYPL) was recently forced out of Turkey due to licensing issues, Stripe CEO Patrick Collison jumped at the chance to woo local startups.

The company also recently launched a service called Atlas that lets foreign entrepreneurs easily set up a U.S. business entity and get a U.S. bank account and tax ID number. This lets businesses around the world start using Stripe before the company actually launches in their country.

For more on online payments, watch our video.

In the EU, Stripe also has a more aggressive offer than in the U.S.— it only charges a 1.4 percent fee (plus €0.25) for payments made using European cards, as opposed to the 2.9 percent it charges in the U.S.

As far as Europe goes, Stripe has now properly launched in Denmark, Finland, France, Ireland, Norway, Sweden and the U.K. It remains in beta in Austria, Belgium, Germany, Italy, Luxembourg, the Netherlands, Portugal, Spain and Switzerland.

Beyond the region, it has fully launched in the U.S., Canada and Australia, and is in beta in Brazil, Hong Kong, Japan, Mexico, New Zealand and Singapore.

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By David Meyer
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