Stripe, a financial infrastructure platform for businesses, has announced new features to help businesses accelerate their growth. The updates were part of Stripe Tour New York, the company’s annual product showcase in NYC.
“Our mission is to grow the GDP of the internet, and we do that by helping our users grow faster. Increasingly, that means helping the world’s most sophisticated companies not only optimize their payments, but also modernize their billing systems. Stripe Billing now powers more than 300,000 businesses, and it’s one of our top investment areas,” said Will Gaybrick, Stripe’s president, product and business.
The announcements at Stripe Tour New York highlighted three areas of progress for Stripe:
Expanding support for more payment providers
Upgrading Stripe Billing
Continuing to build traction with some of the largest and most sophisticated enterprises in the world, such as NVIDIA, with which Stripe announced a new partnership today.
Stripe continues to power both the world’s fastest-growing new companies, like OpenAI, Perplexity, Midjourney, Anthropic, and Mistral.ai, as well as the most established enterprises, including Amazon, Hertz, URBN, and Best Buy. Stripe has also announced a host of new enterprise users including NVIDIA, which is s deepening its partnership with Stripe to enhance Stripe’s AI-powered capabilities and expand global access to NVIDIA’s AI platform.
Pepsi is partnering with Stripe to power direct-to-consumer and business-to-business projects across more than 20 countries, fueling the growth of its ecommerce business for brands like Gatorade, SodaStream, and Rockstar Energy.
Cloudflare is rolling out Link to help its self-serve customers check out faster with their cards or bank accounts. By autofilling payment details, Link boosts conversion by 14% on average for businesses with a large repeat customer base.
“Cloudflare is a network business. The wisdom we gain combatting an attack anywhere across our network benefits all customers. Our partnership with Stripe is a recognition of the same dynamic: fraud prevention and acceptance rates improve the more ubiquitous their network becomes,” said Oliver Roup, vice president of product platform at Cloudflare. “Cloudflare’s increasing scale now demands support for a range of pricing structures, customer sizes and payment styles globally. Our commitment to Stripe on these endeavors is a bet that Stripe’s advantages will continue to compound and pay dividends over many years to come.”
These announcements at Stripe Tour New York follow a series of updates Stripe announced at events across Sydney, Singapore, Tokyo, Paris, and London.
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