Stripe to Offer a Corporate Card, Joining Brex and Others

Patrick Collison, chief executive officer and co-founder of Stripe Inc., left, smiles as John Collison, president and co-founder of Stripe Inc., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. Stripe Inc. provides payment software services and solutions by designing and producing software to process online credit and debit card payments.Photographer: David Paul Morris/Bloomberg

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By Julie Verhage

September 10, 2019 at 2:00 PM UTC

This article is for subscribers only.

Stripe Inc. is launching its own corporate credit card less than one week after the payments processing giant introduced a new lending product.

The Stripe Corporate Card will cater to the small businesses and startups in the U.S. on Stripe’s payments platform, the San Francisco-based company said on Tuesday. The card will aim to solve what the company says is a challenge for smaller companies that have trouble securing cards to buy supplies and to issue to employees. The card also means Stripe is getting into the same space as Brex Inc., the corporate card startup which recently garnered a $2.6 billion valuation.