Stripe named Leader by Forrester, strikes global commerce partnership with Salesforce

Stripe has announced that it was named a Leader in the Forrester Wave™ report on Global Merchant Payments Providers, Q3 2020, achieving the highest scores by any ranked company in both strategy and current offering. Concurrently, CRM giant Salesforce has announced that it is partnering with Stripe to power Commerce Cloud Payments, joining hundreds of enterprises already using Stripe to scale and adapt. Among these, Stripe now counts more than 40 category leaders—companies processing more than $1 billion annually—as customers.

The events of 2020 have pushed the economy online faster than ever before. Supporting enterprises through this shift, Stripe has, for example, enabled Zoom Video Communications to scale its service to new heights, powered soaring sales for Wayfair, and optimized global invoicing for Slack. And now, Stripe is partnering with Salesforce to help its enterprise customer base adapt even faster as spending shifts online at an accelerated rate.

Stripe is recognised as a Leader by Forrester in enterprise payments

Stripe’s market leadership in enterprise payments has been recognized by leading analyst firm Forrester in the Forrester Wave™ report on Global Merchant Payments Providers, Q3 2020. Participating in the report for the first time, Stripe was named a Leader and achieved the highest scores on Forrester’s two categories of strategy and current product offering. Forrester noted that Stripe is the “best fit for technology-forward payments teams.”

Forrester recognizes that “Stripe’s vision of ‘increasing the GDP of the internet’ by supporting businesses as they adapt—to new geographies, new business models, new disruptions—is well aligned to the realities that many merchants face.” Specifically, Stripe “delights tech-forward business leaders,  is good at using its data to build algorithms that improve authorisation rates, and is uniquely strong in subscription management.”

“Stripe is the only infrastructure company serving both ends of the market, from brand new start-ups to Fortune 500 companies. This enterprise accolade is a testament to the hard work of thousands of Stripes who have been laser focused on delighting customers, expanding global coverage, and shipping hundreds of new features every year.”  commented Mike Clayville, Chief Revenue Officer at Stripe. “Many of our enterprise customers are huge category leaders—each one is a global giant processing more than a billion dollars annually—and they’re going all in on Stripe to move quickly at immense scale.” 

Stripe teams up with Salesforce to help retailers adapt to digital spending surge

E-commerce spending has surged 71% globally over last year, according to Salesforce. To help enterprises adapt to a rapidly digitising economy, Salesforce has unveiled a partnership with Stripe as part of the launch of Digital 360, a platform bringing together marketing, commerce and digital experience products to drive digital transformation in the enterprise.

Part of this new platform, Salesforce Commerce Cloud is built to power seamless commerce experiences across all digital channels—mobile, social, web, and store. For the first time, Commerce Cloud will also include Commerce Cloud Payments, powered by Stripe, enabling brands to quickly launch commerce experiences with integrated payments capabilities. With Commerce Cloud Payments, enterprises are able to get to market faster and boost revenue conversion with elegant checkout experiences and integrated fraud protection.

“Speed, conversion and personalisation are key to digital commerce success,” said Adam Blitzer, EVP & GM, Digital, Salesforce. “Our partnership with Stripe will enable our customers to deliver just that, boosting conversion rates with a fast and easy checkout experience powered by our out-of-the-box payment solution on the leading commerce platform, Salesforce Commerce Cloud.”

Stripe invests for high scale as enterprise customers grow at a rapid clip

Stripe has accelerated its march into the enterprise this year as large companies reorient to the digital economy faster than ever before. Enterprises such as Atlassian, Maersk and Mindbody have turned to Stripe recently to help power adaptation in the form of optimizing their core business, entering new markets, and creating new revenue streams.

As Stripe aggressively continues its inroads into the enterprise, it’s investing heavily to further enable high-scale operations and securely move hundreds of billions of dollars a year for the world’s largest and most complex companies. The recent appointments of Dhivya Suryadevara as Chief Financial Officer (from General Motors) and Mike Clayville as Chief Revenue Officer (from Amazon Web Services), upgrades to Stripe’s invoicing and subscription capabilities, and the launch of Stripe’s global direct acquiring platform are among the foundations Stripe has put in place to enable further scale over the coming years.

---

More about Irish Tech News and Business Showcase here.

FYI the ROI for you is => Irish Tech News now gets over 1.5 million monthly views, and up to 900k monthly unique visitors, from over 160 countries. We have over 860,000 relevant followers on Twitter on our various accounts & were recently described as Ireland’s leading online tech news site and Ireland’s answer to TechCrunch, so we can offer you a good audience!

Since introducing desktop notifications a short time ago, which notify readers directly in their browser of new articles being published, over 50,000 people have now signed up to receive them ensuring they are instantly kept up to date on all our latest content. Desktop notifications offer a unique method of serving content directly to verified readers and bypass the issue of content getting lost in people’s crowded news feeds.

Drop us a line if you want to be featured, guest post, suggest a possible interview or just let us know what you would like to see more of in our future articles. We’re always open to new and interesting suggestions for informative and different articles.

If you would like to be featured in our podcast series drop us a line & don’t forget to sign up for notifications for our latest episodes and follow us on Twitter, Linkedin, SoundCloud, iTunes or your own favourite podcast platform.

Contact us, by email, twitter or whatever social media works for you and hopefully, we can share your story too and reach our global audience. We are agile, responsive, quick and talented, we look forward to working with you!

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at Simon@IrishTechNews.ie or on Twitter: @SimonCocking