What It Does: Stripe Inc provides various solutions, including embedded finance, SaaS, creator economy, eCommerce, platforms, marketplaces, crypto, and global businesses. Its systems enable people to make and accept payments and manage their businesses.
Mission: Stripe’s mission statement is to enhance the GDP of the internet.
Size and Presence: Stripe recently moved to Canada, so it has a modest presence there. The company opened an office in Toronto, and its workforce is estimated to be in the hundreds.
Best Known For: Stripe is best known as one of the foremost enablers of financial technology, which involves the virtual transfer of money from end to end. Stripe is used as the payment processing platform by many prestigious companies such as Etsy, Amazon, AliExpress, Apple, etc. This company is one of the fastest-growing fintech companies in the world.
The Good Bits: Stripe has a relaxed and casual working environment. Its employees enjoy juicy perks and benefits in addition to basic compensation. The working culture is friendly.
The Not-So-Good Bits: The job is very demanding and comes with many expectations. There have been cases of employee burnout. The work-life balance is not great.
Stripe came into existence in 2009 when a couple of siblings named Patrick and John Collison founded the company in Palo Alto, California. Two years after its inception, Stripe received funds worth $2 million (C$2.6 million) from several investors. In 2012, Stripe moved its base from Palo Alto to San- Francisco. In early 2013, Stripe acquired its first company, which was a chat and task-management brand named Kickoff. In early 2021, Mark Carney, the Bank of England's governor, was appointed to Stripe's board of directors.
Later in 2022, Stripe purchased Recko, an accounting platform, to expand its catalogue of services. In early 2022, Stripe agreed to a partnership deal of 5 years with Ford Motors. This deal entailed that Stripe would handle transactions for vehicle reservations and orders. That same year, the firm entered into a partnership deal with Spotify to monetize creator's subscriptions, introduce continual income streams, and process payments. Twitter announced its intention to partner with Stripe to enable payouts in crypto for limited users. In April 2022, Stripe agreed to a strategic partnership with ION, a UK-based FinTech firm. Stripe began operating in Canada in 2012.
Stripe's culture makes it one of the best companies to build a career in. The organization is community-centric, as employees are surrounded by people who are united by a common goal and shared values. The beauty of Stripe's culture is its employee-led resource groups which serve as sub-communities that enhance inclusivity and diversity in the organization.
The company is an equal-opportunity employer because it removes barriers to opportunities and doesn't discriminate based on sexuality, race, gender, gender identity, political affiliation, religion, marital status, disability, etc. Collaboration is highly encouraged in the organization, and it helps freshers and interns catch up quickly. The dress code for job candidates is business professional, while the staff sticks to business casual.
Stripe has something in store for its fresh graduates and interns. Stripe's internship programmes expose enterprising young talents to real projects and tasks, which quickly brings them up to speed regarding how the company operates. Aside from the opportunity of engaging in real work and meeting business needs, the interns also get to collaborate with the best and brightest minds in the industry and have deep knowledge of the various operational areas of the company.
The programme is filled with activities that will enable networking and immense professional growth, making its participants thrive in the company when they become full-time employees.
Application for the job role
A fresher working at Stripe earns an average salary of CA$ 50,000 yearly.
Stripe intends to leverage technology to address climate change. Through Stripe Climate, the firm donates to decarbonization projects to promote environmental sustainability.