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Payments giant Stripe launches Stripe Tax to integrate sales tax calculations for 30+ countries – TechCrunch

On the heels of acquiring sales tax specialist TaxJar in April, today Stripe is making another big move in the area of tax. The $95 billion payments behemoth is launching a new product called Stripe Tax, which will provide automatic, updated sales tax calculations (covering sales tax, VAT, and GST) and related accounting services to […] ....

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Why Do Banks Spending Anything On Innovation At All?

Why Do Banks Spending Anything On Innovation At All?
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VC on 2 Strategies That Drove $95 Billion Stripe's Success

Sanjiv Kalevar, a partner at the 15-year-old Boston-based venture firm OpenView, believes that two specific strategies have helped the firm succeed.
Neither OpenView nor Kalevar have any official relationship with Stripe, although his firm has invested in other enterprise technology companies like Datadog, Instructure, Workfront, Calendly, and Expensify, and he previously invested in the financial data app MX before he worked at OpenView. He says he s been studying successful startups that operate like Stripe in order to help him find (and invest in) the next smash hit.
Kalevar who previously worked as a principal at Battery Ventures believes Stripe is successful because its product-led growth strategy and its usage-based product pricing. ....

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Stripe Valuation Hits $95 Billion With Second-Stage Funding

Stripe Valuation Hits $95 Billion With Second-Stage Funding
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Stripe raises another $600M in funding

The company has committed much of the funding to expand its European operations, where it already operates in 31 countries. Stripe launched support for companies in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta, in May 2020. Ireland, where it has one of its dual headquarters, will be a focal point, according to its president and co-founder John Collison.
Outside Europe, Stripe will also expand operations in Brazil, India, Indonesia, Thailand, and the UAE.
Stripe will expand its Global Payments and Treasury Network (GPTN), the foundation for a range of services it’s been launching to capture greater parts of the payment chain. These include accepting and making payments and storing and managing them. ....

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