Hiveway Inc.

We’re excited to share that Hiveway has obtained the Billing Specialization Partner for Stripe, the highest achievement in the Stripe Partner Ecosystem. This indicates that you’re partnering with a proven provider, skilled in Stripe Billing and dedicated to your success. Receiving this specialization validates our demonstrated proficiency with Stripe products and solutions. Our trained consultants can help you find the right Stripe solutions for your business needs, giving you access to a comprehensive suite of payments and financial services alongside our expertise and resources. Learn more about how we work with Stripe: https://lnkd.in/gghvc83b

Come see us at #stripetournyc to talk all things #stripe and #hiveway

Excited to be heading to NYC for Stripe Tour on October 9th! 🚀 Come explore the future of the internet economy with Hiveway and hundreds of other industry leaders. We'll be at our sponsor booth showcasing how we're helping businesses like yours thrive in the digital age. Stop by, say hi, and let's chat about all things payments, fintech, and the exciting innovations driving the industry forward. See you there! 👋 https://lnkd.in/erZkyyZm #StripeTour #NYC #Fintech #Payments #Innovation #Hiveway

This is great stuff right here!

Couldn't ask for a better partner to work with!

Why Stripe Buys Tech Startups Instead of Other Payment Companies As Stripe is trying to get back to their $95 Billion valuation, they don't leave any stone unturned. But instead of acquiring another big payment company, and creating a giant merger such as Fiserv-First Data Corporation, FIS-Worldpay, Global Payments Inc.-TSYS, Worldline-Ingenico, or Nexi Group-Nets-SIA S.p.A., Stripe chooses to focus on buying tech startups. You might wonder why. Let me explain... Just last week, Stripe bought a Vertically Integrated Platform business called Lemon Squeezy, which is an end-to-end platform that provides payments, tax, email, and affiliate marketing platform for software companies. Looking even further, they also bought other tech platforms such as TaxJar | A Stripe company (April 2021) - A provider of cloud-based tax services. Recko | A Stripe company (October 2021) - A Bengaluru-based payments software firm specializing in payments reconciliation. Okay (acquired by Stripe) (Summer 2023) - A startup that developed low-code analytics software for engineering leaders. And Supaglue (we've joined Stripe!) (March 2024) - An open-source developer platform for user-facing integrations. So, why is Stripe doing this? I believe that as they have realized that the Enterprise market is highly competitive and very difficult to compete with established names such as Adyen, J.P. Morgan, and Fiserv, and have therefore recommitted to focusing on small and medium-sized businesses. Instead of worrying about building very complex solutions for Enterprise merchants, who continuously focus on price, Stripe is expanding its suite of tools to help small and medium-sized businesses run their businesses from incorporation to tax services. As Stripe has always been loved by developers, many of the companies and tools they are buying are focused on making specific tools available via their API, allowing developers to quickly add new features or solutions for the businesses they work for. However, what many in the payments industry fail to realize that Stripe's valuation is not based on the same metrics that most of us use. While Stripe shared that it processed over $1 trillion in 2023, its valuation metrics aren't solely focused on that. Their "Revenue and Finance Automation (RFA)" suite of products which include Billing, Tax, and Revenue Recognition, have an Annual Revenue Rate of $500 million. By continuing to develop new tools and services that act as a suite of services for its core demographic, Stripe is showing that they are more than just a Payments company and much more a Tech company. What do you think about Stripe’s growth strategy? Do you see other payments companies starting to use the same strategy? Let me know in the comments. P.S. Check out my newsletter, the Payments Strategy Breakdown, for more in-depth Strategy and Tactics for Payments companies https://buff.ly/3RXzt7Z

📣 📣 📣 Space is filling fast! Make sure to register and hold your spot for Stripe Tour New York on October 9.

Join industry leaders from Stripe, BigCommerce, and Orium next Wednesday, June 26, in Toronto, ON with TechTO. Gain valuable insights into using cutting-edge technologies, discover practical solutions to enhance your online store, and learn from the experiences of industry experts. Register now: https://lnkd.in/eRhDs6HJ

Still buzzing from all of the magic of Sessions, our largest global conference by far at Moscone West in San Francisco. It was incredible to see Stripe customers like Anthropic’s President and Co-founder, Daniela Amodei, URBN (Urban Outfitters, Anthropologie Group, Free People & Nuuly)’s CTO, David Hayne, Lightspeed Commerce’s CMO, Kady S., and NVIDIA’s Founder, President, and CEO Jensen Huang on the big stage as thought leaders this year. To relive some highlights of this event visit https://lnkd.in/dk63Tzgz

🗓️ Join us tomorrow for our quarterly #StripePartner product update and roadmap session. Register now: https://lnkd.in/eckCzBnn