Stripe Introduces Stripe Capital
Fintech firms are now competing on capital as a service. Innovators such as Kabbage, Clearbanc, Square Capital, and others are stepping in to provide capital in a more flexible manner to an increasing level of emerging small businesses. Stripe just improved its capital as service business by simplifying the process. The company announced on September 5th, 2019: “Stripe Capital’s full integration with Stripe means there’s no lengthy application, eligibility is determined quickly, funds hit a user’s Stripe account the next business day, and businesses can repay as they earn. In addition to serving Stripe users directly, Stripe will also extend…