Stripe
Financial infrastructure for the internet
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Edwin Arbus

Stripe Capital - Access to fast, flexible financing to grow your business

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OpenAI
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Businesses on Stripe rank access to capital as their biggest obstacle to growth. Traditional lenders aren’t set up to serve internet businesses, requiring lengthy applications, collateral, and fixed payment schedules. Stripe Capital cuts through the red tape.

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Amrith
Congratulations @edwinwee and team for launching this 🚀 I'm sure this is gonna inspire a lot of indie makers who are blocked by finances to get the show started 🙏 Would be really interesting to see this tie into the concept of open startups; seeing how startups and makers use this would be cool 👀
Kunal Bhatia
@edwinwee @amrith this is a rock solid strategy to help grow the GDP of the internet!
Ryan Hoover
Smart move and similar value-prop to what Clearbanc has been offering, although Stripe's in a unique position with their proprietary data and strong brand amongst entrepreneurs.
Valerio Barbera
Clearbank could be also more cheaper ( 6%) about capital fee, but sure, Stripe have an incredible privileged position to impact on a big audience of entrepreneurs. It also seems that Stripe provides smaller tiers.
Amedeo
@susanclee @harsha_dante -- this is a great idea. do you know when it'll be available to businesses in Europe that use Stripe? Thanks!
Harsha Dante
Maker
There's no timeline yet, but stay tuned!
Valerio Barbera
In Europe area could be disrupted! I hope to see you soon here!
Charles Alexander
Probably a legitimate game changer. Any chance we can cut to the chase here on PH and post interest and fees in the chat?
Muhammad AT
Is this different than the cash advance program that Stripe has already been offering certain customers?
Susan Lee
Maker
@muhammad_at That was an early version of Stripe Capital!
Benjamin Miskie
Stripe customer service is second to none, and I love this concept as it is a perfect market fit. However I am concerned about the rates that are posted vs other methods of gaining capital for those 20k and under amounts.
Benjamin Miskie
I partially rescind my previous comment, I didn't recognize that the "fee" was flat without a timeline of repayment. This is VERY interesting. Kinda like Tesla getting into the insurance game because with all their possible driver data on the insured. Really interesting concept!
Abdalla Al-ayrot
Great idea. It's very easy to see, how this is going to be a game-changer for a lot of internet businesses. Hopefully, it will make it much easier for founders to scale their business, once they have found a sustainable model!
Matt
Whoa looks like a ClearBanc competitor
Victor
@mzuvella Yeah but Stripe Cap has a major advantage - payment data from Stripe. But another major one is that Stripe has a huge customers base with a lot of potential customers who would love to click a button and get a loan without any effort. Only time will tell whether the Clearblanc or Stripe Cap will win but it will be a fun battle to watch.
Barn Sweetman
This is fantastic! Will this be available for custom connect accounts? Will we be able to use the API to extend these offers to our customers?
Barn Sweetman
Also someone mentioned this, but would love to know how competitive rates will be? If we could offer loans with great rates to our customers, it would be a game changer as it's very common in our sector for doing capital campaigns, building funds, etc.
Harsha Dante
Maker
We’re currently able to offer loans through our Standard Connect platforms, and we’re in the process of making loans available for Custom Connect platforms. More news to come soon!
Barn Sweetman
@harsha_dante amazing, thanks Harsha!
Nathan Prescott
Oh man this is going to cut into a lot of outfits doing RBF.
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