Stripe has signed a partnership with Salesforce to provide its digital payments services to the tech giant’s customers, the latest move by a company that is facing IPO by DavidJeans2
Stripe has signed a new partnership with Salesforce that the company hopes will buff its credentials with big-business customers amid speculation that the $36 billion-valued payments company is approaching an IPO.
In an interview, Stripe cofounder John Collison said the partnership with Salesforce was a key milestone in the company’s more recent push toward large-sized customers. He also pointed to recent results from research firm Forrester, which placed Stripe first among global payments providers in a new report. “We are operating at a very large scale now, where we are serving merchants at every end of the spectrum,” Collison said. “As you reach scale, you have to meet the customers where they are.
The partnership is the latest step for Stripe in what appears to be a march toward the public markets. The company recently hired Mike Clayville, who previously led commercial sales teams at Amazon Web Services, as chief revenue officer. And in August, it hired Dhivya Suryadevara as chief financial officer, a role she previously held at General Motors.
This year, Stripe has been riding a tailwind of demand for payments services as more businesses have been forced online and major companies have increasingly pursued sales in the cloud. Stripe now has 40 companies processing $1 billion in payments over its platform annually, Collison said, including Slack, Wayfair and Zoom.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York’s Online Class Sizes Could Reach Nearly 70 StudentsNew York City teachers, parents and students are concerned that online classes with as many as 68 students could become common amid a teacher shortage and make it harder for students to learn
Read more »
WSJ News Exclusive | Nikola’s Talks With Major Energy Firms Stalled Following Short-Seller ReportThe electric-truck maker has held talks with BP and other energy firms in hopes of striking a deal on hydrogen-refueling stations. Short seller Hindenburg Research alleged in a report that Nikola has misled investors.
Read more »
Global Bulletin: ZDF Enterprises Greenlights ‘Puzzle Lady’ Mystery SeriesGermany’s ZDF solves “The Puzzle Lady”; All3Media hires Mike Gould for digital partnerships; Lookout Point taps Pippa Brown for comedy; and Indian streamer Disney Plus Hotstar buy…
Read more »
FBI Seeking More Potential Jerry Harris VictimsThe FBI's seeking more potential victims of 'Cheer' star Jerry Harris.
Read more »
Amy Coney Barrett May Become Trump's SCOTUS Pick. So, Who Is She?RBG’s potential replacement is exactly who you’d expect.
Read more »
Trump Says He Will Announce Supreme Court Pick Friday Or SaturdayThe president said he has narrowed the list of potential candidates down to five women.
Read more »