← Embedded Finance Index 2026

Stripe Capital

“Can Stripe convert its payments-data moat into the default embedded-financing rail for every platform and marketplace built on Connect?”

Founded2010
HQSouth San Francisco, California, US and Dublin, Ireland
FoundersPatrick Collison, John Collison
Total raisedundisclosed (multi-billion across many rounds)
Latest roundSecondary - Private
Valuation~$159B (2025)
IndustryInfrastructure / Lending
The story

Stripe Capital launched in 2019 as Stripe's first major move beyond pure payments processing, leveraging unique payments-data underwriting to offer instant cash advances and loans to merchants already processing on Stripe. The product was extended to Connect platforms (Capital for Platforms) so marketplaces and vertical SaaS companies can embed financing for their sub-merchants with zero credit-loss liability — making Stripe an embedded-lending infrastructure provider, not just a direct lender. Loans are originated by Celtic Bank with Stripe handling underwriting, servicing, and repayment via withholding from daily Stripe sales.

Last 12 months
—
Product timeline
2010
Stripe founded by Patrick and John Collison.· founding
2019
Launched Stripe Capital, offering instant cash advances to Stripe customers based on processing history.· lending
2019
Reached $35B valuation following $250M funding round.· funding
2020
Expanded Stripe Capital to Connect platforms (Capital for Platforms), enabling marketplaces and SaaS to offer financing to sub-merchants.· lending
2025
Stripe Capital for platforms available in US, UK, AU, DE, FR; valuation ~$159B with $1.9T processed.· lending
In the press
embeddedfinancereview.com ↗
Coverage sourced from Embedded Finance Review — a content partner for this report. All articles are © their original authors; click any card to open the source.
◇ article2026-01-13
Modulr's US expansion + Stripe powers Microsoft Copilot
Modulr expands to the US through FIS partnership. Stripe powers checkout inside Microsoft Copilot. Plus: JPMorgan takes over Apple Card from Goldman.
stripe
Source · Embedded Finance Review ↗
◇ article2026-01-12
Stripe Powers Checkout Inside Microsoft Copilot
Stripe powers checkout inside Microsoft Copilot, letting users complete purchases in chat. Part of Stripe's push to become the infrastructure for AI commerce.
checkoutstripe
Source · Embedded Finance Review ↗
◇ article2026-01-02
Wix Expands White-Label Payments to 11 EMEA Countries with Stripe
Wix expands Wix Payments to 11 EMEA countries using Stripe Connect. How the website builder is following Shopify's playbook into embedded finance.
stripe
Source · Embedded Finance Review ↗
◇ article2025-10-07
Worldpay vs. Stripe & Adyen: Can they catch up in embedded finance?
Worldpay launches embedded finance with Unit to challenge Stripe and Adyen. Plus Reverb's marketplace wallet strategy with Ansa. Deep dive analysis.
adyenstripeworldpay
Source · Embedded Finance Review ↗
◇ article2025-09-19
Odoo Launches Global Expense Management Card with Stripe and Mastercard Partnership
Odoo launches global expense management cards with Stripe and Mastercard, targeting 15 million users across 175+ countries. Learn why this matters.
stripe
Source · Embedded Finance Review ↗
◇ article2025-07-02
Stripe Capital Expands to Germany as Embedded Lending Competition Intensifies
Stripe Capital launches in Germany later this year, intensifying embedded lending competition. Can Stripe's platform compete with standalone providers like Banxware?
stripe
Source · Embedded Finance Review ↗
◇ article2024-08-05
Stripe adds a new banking partner. Why this is big news for embedded finance?
Stripe partners with Fifth Third Bank for its treasury product, Sage partners with Stripe in the UK for an embedded payment product, Doordash extends its fintech offering from cards into payments and five learnings for banks from the Synapse bankruptcy.
stripe
Source · Embedded Finance Review ↗
◇ article2024-04-26
Stripe’s stronger focus on embedded finance
A vertical fintech launches in the movie industry, PrestaShop enables click to pay in partnership with Mastercard, JET expands mobile payments, Walmart partners with One for BNPL, Coupa with Bottomline and more.
stripe
Source · Embedded Finance Review ↗
The stack
3 layers disclosed in Stripe Capital’s embedded-finance stack
Payments / PSP
Stripe (in-house)Stripe Connect (in-house)
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: none
4 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.