How to Buy Stripe Stock

The past year has seen numerous companies perform well despite the pandemic. Companies in sectors such as financial services and e-commerce recorded massive growth as people were made to stay at home and conduct their activities.

Stripe is one of the companies that has recorded immense growth in the past year. Its growth has convinced the company to go public.

With Stripe going public soon,?investors?and traders are interested in the company and gaining access to its shares, but how do you buy Stripe stock, and what are the things you need to watch out for when investing in this company? Keep reading to find out more about Stripe and how you can invest in this company.

About Stripe

Stripe is a tech company that processes online payments for businesses and merchants.

The company was founded by brothers CEO Patrick Collison and President John Collison, and has been around for a decade. With over 2,500 employees, Stripe is based in San Francisco and Dublin.

The company also has employees in 14 offices around the world, including major cities such as London, Paris, Singapore and Tokyo. Is Stripe a public company? No, at the moment it is still a private company.

Stripe is known for providing a payment platform and API for businesses. It provides services to companies ranging from startups to multinational corporations. Stripe’s technology has a cloud-based architecture, which makes it secure, reliable and scalable.

What Stripe Provides

Although Stripe’s payments platform is what the company is majorly known for, it provides a wide range of other tools. These tools allow businesses and companies to manage their revenue, prevent fraud and expand their operations to other parts of the world.

Stripe also offers corporate credit cards and loans (though the loans are small). Stripe has built a large clientele, including some of the world’s biggest companies like Amazon, Google, Salesforce, Shopify, and Microsoft. The company has experienced massive growth over the past few years and now processes hundreds of billions of dollars annually.

According to recent research, Stripe is currently the most valuable venture-backed private company in the United States and the third globally. Stripe has also acquired a few companies, including Paystack, a leading payments platform in Nigeria and TaxJar.

How Does Stripe Make Money?

In terms of Stripe revenue, the company makes money in several ways.

Stripe makes money by offering products in three major categories. They are; Payments, Financial Services, and Business Operations.

Payments

What are Stripe payments? Stripe offers a wide range of payment options for businesses and individuals. Some of the services it offers in this category include: online payments, in-person payments, subscription management, payments for platforms, and online invoicing.

The company also offers a straightforward pay-as-you-go pricing model for virtually all its customers. Stripe doesn’t have a setup fee, and there are no monthly charges or?hidden costs. The company also offers a personalized plan for its customers with a high transaction volume or those from countries with specific needs.

Business Operations

Another area Stripe makes money is via enterprise payments solution. Some of the offerings in this category include: fraud and risk management, custom reports, volume discounts, interchange plus pricing, startup incorporation, carbon removal, deployment services, and technical account management.

The company has been expanding its services and is working on building its global payments and treasury network. This move is expected to expand Stripe’s suite of software and services. The Stripe platform offers businesses a lot of value.

Financial Services

The third major revenue source for Stripe is via financial services. The company makes money with its corporate credit cards and small business loans. They finance a wide range of businesses globally and offer banking as a service to its customers.

What Is Stripe Worth?

Forbes recently valued Stripe at $95 billion, up from the $35 billion it was worth in April 2020. Stripe has received funding from the likes of Elon Musk, venture firms Andreessen Horowitz, General Catalyst, and Sequoia.

How to buy Stripe stocks when it goes public, a step-by-step guide

The question posed by some people is how to invest in Stripe? The reality is, anyone can invest in Stripe stocks when the company goes public.

You can use the avenue to make your money work for you. Here are five steps you can follow to successfully invest in Stripe.

Choose a broker

The first, and perhaps most important task, is to choose an online brokerage platform such as?xDirect. The broker gives you access to the stock market and allows you to invest in a wide range of stocks. There are numerous options available for you and each brokerage platform has its own unique benefits and drawbacks.

Create an account

After deciding on a broker, visit their website, and create an account. The steps needed to open an account differ from one platform to another. You might be required to provide details such as your name, email address, phone number, and a form of ID.

Deposit funds

Once your broker account is approved, log in and choose the option to deposit funds. Depending on the brokerage platform you choose, you will have access to a wide range of payment options. Some of them include bank transfers, debit/credit cards, PayPal and more.

Choose your preferred payment option and deposit the amount you wish to invest in the company. Buying stocks with a credit card is also an option and you can check to see if the broker offers it.

Place your order for Stripe stock

Move to the shares section on the brokerage platform’s interface and search for the ticker symbol representing Stripe. The current price at which the Stripe stock will be shown and if you are okay with the price, insert the number of shares you intend to buy and place your order.

Execute your order

The final step is for the broker to automatically execute your order after placing it. The Stripe shares will be listed in your account once the order is executed. Congratulations, you have just bought shares of a leading fintech company!

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