Stripe has officially launched its services in Poland, Estonia, Latvia, Lithuania, Slovakia, Slovenia, and Portugal. The startup will now be able to support internet businesses in all these countries to start, grow, and scale their business globally, not to mention let them accept money from anywhere in the world.
Felix Huber is the Head of Central and Eastern Europe, Middle East, and Africa, at Stripe. He said: “Central and Eastern Europe has a lot of entrepreneurial and technological talent, and we believe even more of its companies could be expanding globally.
“Stripe aims to empower more companies from this region to export their creativity and ambition to the rest of the world.”
Stripe’s European expansion means that businesses in all these new countries can begin to accept payments in over 130 currencies, meaning businesses can export all over the world using Stripe’s infrastructure. Transactions take as little as 10 minutes and could mean huge business. This is the first time that Stripe is giving them access to the startup’s global payments and treasury network.
Not only does Stripe allow businesses to accept payments, but companies can also use Stripe to handle accounting, billing, paying out to third parties. Stripe also allows businesses to optimise their operation for mobile payments, all from one centralised dashboard.
Stripe is also helping companies to minimise online fraud. Fraud can be a huge barrier to companies looking to sell to consumers all over the world. Stripe not only eliminates the challenges of handling multiple currencies, but Stripe’s sophisticated machine learning also provide unrivalled fraud protection. Business and their consumers are protected against fraudulent transactions.
As more and more of our business and our lives move online, we are witnessing a new wave of internet companies, from marketplaces to crowdfunding to subscription businesses. Stripe is a startup equipping internet businesses in Central and Eastern Europe with the tools they need to succeed in this new landscape.