Fintech #2: Stripe

Stripe, the fintech industry darling. (Like how Gatsby calls Daisy his darling)

The fourth most valuable startup in the world, last internally valued at a whopping $95 billion.Key Features:Easy integration: Stripe's API is designed to be integrated with a variety of e-commerce platforms and shopping carts easily, which allows businesses to start accepting payments quickly.Fraud prevention and detection: Stripe's platform has a variety of tools to help businesses detect and prevent fraudulent transactions, such as machine learning-based fraud detection and has the ability to set up custom fraud rules.Global support: Stripe supports payments from customers all over the world, with a variety of local payment methods available and automatically currencies to its locality. (we love a person or in this case a company of culture)Dashboard: Stripe's dashboard provides businesses with detailed insights into their payment activity, such as transaction history, revenue breakdowns, and chargeback management. (so it looks beautiful on our Instagram aesthetics)Dispute management: Stripe provides an automated dispute management system, which allows businesses to respond to disputes, upload evidence, and track the status of a dispute, all within the dashboard.Read on for the juicy stuff:😩 Weaknesses:One of Stripe's biggest weaknesses its transaction fees are slightly higher than those of some of its competitors, which makes it less appealing to cost-sensitive businesses and countries. Additionally, the platform may not be as well-established in some regions as its competitors, which could limit its ability to attract new customers.Competitors:Some of the main competitors of Stripe payment processing include PayPal, Square, and Adyen. These platforms also offer payment processing services to businesses, and compete with Stripe for market share.🏋️ Strengths:Used by over 4 million businesses worldwide.Its user-friendly interface, fast processing times, robust security features, and wide range of payment options. Additionally, Stripe has a strong focus on innovation and has been quick to introduce new features such as mobile payment support.It also has the added advantage of economies of scale, having huge amounts of capital to deploy as it sees fit.🔥 Opportunities:How can Stripe improve its payment processing product?

I would suggest growing and establishing its African presence via PayStack and rapidly expanding into more African countries. But a more intriguing idea inspired from at Cowboy ventures in her article about the verticalization of B2B Fintech, it would be make sense for Stripe to acquire an acquirer processing fintech such as VoquePay to capture more of payment transaction system fees as these services are very sticky. ( Paystack is a processing, gateway, and functionality fintech.)

Until next time Zinchers,Let me know what company product I should cover next or if you have any feedback/tips at all, do let me know!Don't keep us a secret! Share our newsletter with your friends and family. Click the button below!Don’t forget to subscribe to stay up to date on the latest fintech product breakdowns!