Also similar to Stripe Capital, the underwriting of the card is based on Stripe data. US online payments start-up Stripe has launched a credit card for business customers. The Stripe Corporate Card is available to US businesses and offers no interest rate or fee for usage as clients are expected to pay their full balance each month; but the firm indicated it does not plan to freeze cards for late payments. In an interview with TechCrunch, CEO Patrick Collison said that he was “very excited about this new product” which will be rolled out in early 2016. Overall, Stripe aims to offer full financial services to users by incorporating more products into its portfolio, which already includes billing, invoicing, business analytics and fraud prevention.
US online payments start-up Stripe has launched a credit card for business customers. The Stripe Corporate Card is available to US businesses and offers no interest rate or fee for usage as clients are expected to pay their full balance each month; but the firm indicated it does not plan to freeze cards for late payments. In an interview with TechCrunch, CEO Patrick Collison said that he was “very excited about this new product” which will be rolled out in early 2016. Overall, Stripe aims to offer full financial services to users by incorporating more products into its portfolio, which already includes billing, invoicing, business analytics and fraud prevention.