Stripe Starts Issuing Credit Cards
The Silicon Valley payments giant is getting into a new business.
Source: Stripe Inc.
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Stripe Inc., a startup that lets businesses and websites easily accept money online, now wants to help them spend it by introducing a new product: credit cards.
The San Francisco-based startup became a well-known name in payments by making it simpler for platforms such as Lyft Inc. and Postmates Inc. to process payments for on-demand rides and takeout. Its next venture, which it plans to announce Thursdsay, will allow businesses to make payments and control expenses including, for example, whether to approve the burrito purchase a courier just made on behalf of a customer.