I’m not a huge fan of the word “disruptor”…I think it’s used far too much (hello Uber & AirBnB), BUT in this case, I think it’s warranted.
Stripe the massively accepted online credit card and payments service is working some big names to offer Banking-as-a-Service (BaaS), called Stripe Treasury, without the archaic processes.
This new product offering is putting traditional financial institutions on high-alert as Stripe has already launched it’s financing & lending product, Stripe Capital last year.
Stripe Treasury allows a company to easily:
- Create/open customer accounts
- Deposit money
- Earn interest
- Pay bills
Currently, Stripe Treasury is still only invite-only but if you ever wanted to start your own digital bank, the barrier to entry is now much lower.
The quickest way to level up, become smarter & add value to your career in finance.
Signup for the FREE weekly newsletter: The Finance & Money Edge.
Get smarter about:
A weekly non-stuffy 2-minute read.
We value your privacy. We will never rent, sell or exchange your details. Our privacy policy.
