International

Stripe Launches In France

Stripe and France

The unicorn has transatlantic wings.

As reported by Fortune on Wednesday (June 8), payments firm Stripe has now launched in France, which is a debut that comes in the wake of a beta test that lasted roughly a year.

The company, which is based in San Francisco, said that the launch on the Continent follows the beta that was marked by thousands of French users taking on its services. It also allowed corporations to add lines of code to their own web presence to bring on board payments acceptance. The financial publication has said that firms that have bought into the service include Withings and password management company Dashlane.

As has been widely reported, Stripe has been valued at as much as $5 billion, at least judging from its latest funding round last year. The firm said online this week that it has set up employees in a Paris office and can support French customers in their native language.

The payments firm has now launched in Denmark, France and Iceland, among other European markets. The company also has what has been termed, at least by Fortune, as a “more aggressive” offer in Europe than has been seen in the United States, as it charges a 1.4 percent fee in Europe versus the 2.9 percent fee levied in the United States. The company has also been aggressive against rivals, such as PayPal, having, for example, come into Turkey once the latter left, in part, under the pressures of licensing issues.

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