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Stripe Connect

Provider
Embedded PaymentsFX / Payouts

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 134 companies across 2 categories.

stripeconnect.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesEmbedded Payments, FX / Payouts
Rank#1 of 15 in Embedded Payments
Buyers134 companies
HeadquartersSouth San Francisco, California, USA (dual-headquartered with Dublin, Ireland)
Founded2010
FoundersPatrick Collison, John Collison
Raisedundisclosed aggregate (multiple rounds)
OwnerStripe

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Founders & story · from Stripe Connect’s own dossier

Stripe launched in 2010 as a developer-first payments API for individual businesses. In 2012 it introduced Connect, a dedicated product for multi-party money flows — marketplaces, gig platforms, and SaaS companies routing payments to sellers or service providers — recognising that enabling third-party payouts was a distinct, larger opportunity. Over the following decade Connect evolved from a pure payment-routing layer into a full embedded finance stack: adding Treasury (financial accounts with yield), Issuing (card issuance for connected accounts), tax reporting (1099-K automation), and a NetSuite reconciliation connector. The strategic trajectory is 'infrastructure OS for any platform that touches money on behalf of users', moving well beyond payment acceptance into BaaS-style financial primitives.

Latest round: Secondary - Private (most recent disclosed)
Recent developments
  • 2025-11Treasury for Platforms naming introduced; prior product names 'Treasury' (deprecated) and 'Financial Accounts for platforms' (to be deprecated April 2026) retired. source ↗
  • 2025-01Stripe Connector for NetSuite with Stripe Connect support (transfers, application fees, per-account reporting) enters public preview. source ↗
  • 2025-01Stripe processes over $1.9 trillion in payment volume in 2025 across 5 million businesses; headcount reaches 8,500. source ↗
Full dossier: Stripe Connect’s own stack, layer by layer →
Ownership
Part of Stripe.
Who uses Stripe Connect
134 companies disclose Stripe Connect in their stack
PensopayBreezewayPlate IQZenotiRW ElephantCarbonpayEskerLightspeedSimproPabau Clinic SoftwareNavanAgeras+122 more
Buyer mix · 134 of 134 classified
Marketplace / Two-sided · 11Vertical SaaS / Healthcare · 9Vertical SaaS / Real Estate · 6Marketplace / Food delivery · 5Marketplace / Gig economy · 4Vertical SaaS / Beauty & Wellness · 4Vertical SaaS / Restaurants · 4E-commerce / Platform · 3
US · 81EU · 23UK · 14APAC · 7Canada · 6MENA · 1
What the disclosures say
Pensopay
“The Pensopay knowledge base article 'Automatisk bogføring af afregninger via pensopay API' states automatic settlement bookkeeping is currently only available when acquiring happens via Clearhaus, with Shift4 and Stripe Connect noted as coming.”
Breezeway
“Breezeway's Terms of Use states: 'Currently, we use Stripe, Inc. as our Payment Processor.' The /payments product page confirms 'Breezeway Payments are powered by Stripe, the global leader in secure payments' and that cleaners/vendors set up payout methods via Stripe — indicating Stripe Connect for marketplace-style pa…”
RW Elephant
“rwelephant.com/security states: 'JustiFi and Stripe are our payment processors, and they handle the security side of all of our credit card and bank account storage.' rwelephant.com/privacy states: 'If you choose to use RW Elephant's integrated credit card processing via Stripe Connect...' JustiFi publicly lists RW Ele…”
Carbonpay
“Stripe case study explicitly lists CarbonPay as a customer using Stripe Issuing, Stripe Climate, Stripe Financial Accounts, and Stripe Connect.”
Esker
“Stripe Connect is the specific product referenced for platform/sub-merchant onboarding.”
Lightspeed
“Stripe customer case study confirms Stripe Connect, Payments, and Terminal for US/Canada omnichannel.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Stripe Connect? Claim this profile above to unlock your own full list.
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What Stripe Connect runs on · from its own dossier
The third-party providers Stripe Connect itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Stripe Connect.
BaaS
Stripe Treasury
Treasury Management
Stripe Treasury
Full dossier with evidence for each layer →
Alternatives to Stripe Connect

Other Embedded Payments providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Mangopay27 buyers →Worldpay for Platforms21 buyers →Rainforest Pay15 buyers →Adyen for Platforms9 buyers →Forward9 buyers →Finix8 buyers →VoPay8 buyers →Modulr6 buyers →
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Ranked #1 of 15 in Embedded Payments — Embedded Finance Index 2026
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Stripe Connect — frequently asked

Which companies use Stripe Connect?

134 companies disclose Stripe Connect in their stack in the Embedded Finance Index 2026, including Pensopay, Breezeway, Plate IQ, Zenoti, RW Elephant, Carbonpay, Esker, Lightspeed, Simpro, Pabau Clinic Software and 2 others.

What does Stripe Connect do?

Stripe Connect is an embedded-finance provider in Embedded Payments and FX / Payouts. It ranks #1 of 15 Embedded Payments providers by disclosed buyers.

Who owns Stripe Connect?

Stripe Connect is part of Stripe.

What are the alternatives to Stripe Connect?

The most-disclosed Embedded Payments alternatives to Stripe Connect are Mangopay (27 buyers), Worldpay for Platforms (21 buyers), Rainforest Pay (15 buyers), Adyen for Platforms (9 buyers), Forward (9 buyers) and Finix (8 buyers).

Who founded Stripe Connect?

Stripe Connect was founded by Patrick Collison and John Collison and is founded in 2010, headquartered in South San Francisco, California, USA (dual-headquartered with Dublin, Ireland).

How much funding has Stripe Connect raised?

Stripe Connect has raised undisclosed aggregate (multiple rounds) in total.

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