Payments Startup Stripe Rolls Out Card Issuing for U.S. Clients
- Need for e-commerce in pandemic boosts reliance on Stripe tech
- Stripe is highest-valued startup, according to CB Insights
Source: Stripe Inc.
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Financial-technology startup Stripe Inc. is starting a card-issuing service for U.S. clients as it expands beyond payment processing.
Stripe’s issuing technology will allow companies to develop cards for specific uses. Postmates Inc., for example, is able to give Stripe-issued cards to its food-delivery drivers to allow them to make payments at restaurants assigned to them through the app.