Stripe, the San Francisco-based payment processor, has launched a partner program with companies whose services enable its users to flourish in the internet economy, the company announced Tuesday (April 26).
Dubbed the Stripe Partner Ecosystem, the initiative arrives as more companies seek outside support to accelerate their digital transformation. As a result, the demand for third-party technology and payments expertise has followed, coupled with the adoption of Software-as-a-Service, cloud infrastructure and eCommerce platforms.
The program promises to make it easier for companies to connect with the right partners for their specific goals. Some of the Stripe partners who are taking part in the project include companies created to power the internet economy, including Shopify, Squarespace, WooCommerce and Xero.
In addition, new Stripe partners include many leading consulting and technology firms.
“By expanding our partnerships and introducing a comprehensive set of partner resources, companies around the world will be able to accelerate their move to online commerce,” Dorothy Copeland, vice president of global partnerships and alliances at Stripe, said in a statement.
She said the Stripe Partner Ecosystem will empower more partners to deliver modernized financial infrastructure and digital experiences to their customers, while generating new opportunities for partners to grow.
Last week, PYMNTS reported Stripe has added support for cryptocurrency payments on its Stripe Connect platform, with Twitter signing on as its inaugural customer.
Read more: Stripe Rolls out Crypto Payment Capabilities, Signs Twitter on as First User
For now, payments will be made in Circle’s USD Coin, the second-largest dollar-pegged stablecoin, with support for other cryptocurrencies soon to follow, Stripe CEO John Collison wrote on Twitter.
Stripe Crypto Product Manager Karan Sharma said on the company’s blog that the product is aimed at “creators, freelancers, sellers and solopreneurs,” adding that while “it’s easier than ever before to find customers and fans, getting paid can still be difficult, especially outside of major markets.”
NEW PYMNTS DATA: THE FUTURE OF BUSINESS PAYABLES INNOVATION STUDY– APRIL 2022
About: While over half of SMBs believe that an all-in-one payment platform can save them time and improve visibility into cash flows, 56% believe that the solution could be difficult to integrate with existing AP and AR systems. The Future Of Business Payables Innovation Report, a PYMNTS and Plastiq collaboration, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed SMBs’ expectations and help future-proof their businesses.