Stripe Unveils New Financial Tools in the UK

Stripe Unveils New Platform to Boost Small Businesses in the UK

The new product features include business financing through Stripe Capital, low-cost Open Banking-powered payments, and faster payouts.

Stripe, a financial infrastructure platform for businesses, launched new payment tools and financing options in the UK that will improve access to capital and accelerate the growth of hundreds of thousands of UK businesses.

John Collison, Cofounder of Stripe, said, “UK businesses are inventing and building, but getting access to capital at the right time is a rate limiter on their growth. The payments tools and financing options we’re launching today will help money move around the economy faster and make it easier for businesses to invest when they see an opportunity to grow.”

The new product features include business financing through Stripe Capital, low-cost Open Banking-powered payments, and faster payouts. With the launch of Stripe Capital in the UK, small businesses can access flexible financing to invest in their own expansion—whether that’s buying new equipment, growing their staff, or upgrading their customer experience.

Stripe Capital uses a company’s transaction and business history on Stripe to proactively qualify businesses for financing. Funds hit approved accounts the next business day, and businesses repay the amount as they earn. Later this year, UK marketplaces and platforms that use Stripe Connect will also be able to use Stripe Capital to offer financing to their own users.

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These new payment capabilities arrive as Stripe has doubled the number of payment methods it supports from 50 to more than 100 in the last year, including London-based Revolut Pay. New AI-powered tools in Stripe’s Optimised Checkout Suite help businesses determine which payment methods to show customers. Businesses that migrate to the Optimized Checkout Suite see an 11.9% increase in revenue on average, as more shoppers are converted into buyers.

“The UK’s talent, infrastructure, and financial center make it an excellent place to build Stripe from, but that’s only half the story. We’re also seeing huge growth amongst UK businesses who are excited to modernise their financial systems and expand globally. That’s what gives us the conviction that now is the time to double down in the UK,” added John Collison.