S Card Issuing & BaaS (CaaS)

Stripe Issuing

Stripe · Visa/Mastercard

Stripe, Inc.

Status
Private company
Legal HQ
South San Francisco, California, USA
Founded
2010
Corporate site
stripe.com
Valuation
$159B · Feb 24, 2026
Latest round
Tender offer (secondary)

Main investors / shareholders · as of Feb 24, 2026

Other / undisclosed: 100.0%
  • Patrick & John Collison (co-founders) · Insider / founders
    Controllo di voto via multi-class share structure; quota economica stimata 20-25% combinata
    n/d
  • Sequoia Capital · Venture capital
    Lead investor storico; acquisto secondario $861M a valutazione $70B nel 2024
    n/d
  • Andreessen Horowitz (a16z) · Venture capital
    Partecipante al tender offer 2026
    n/d
  • Thrive Capital · Venture capital
    Lead del tender offer 2025 e 2026
    n/d
  • Founders Fund · Venture capital
    Investitore storico
    n/d
  • Coatue Management · Venture capital
    Partecipante al tender offer 2026
    n/d
  • Goldman Sachs · Institutional holder
    Investitore istituzionale storico
    n/d
  • GIC (Singapore SWF) · Institutional holder
    Fondo sovrano di Singapore
    n/d
  • Temasek · Institutional holder
    Fondo sovrano di Singapore
    n/d

Stripe is private, controlled by the Collison brothers through a multi-class share structure that concentrates voting power despite a minority economic stake. The $159B valuation comes from the February 2026 tender offer backed by Thrive, Coatue and a16z.
5.0/5 · Data verified on

Stripe Issuing is the BaaS platform to issue payment cards via API: over 275 million cards issued, native push provisioning on Apple/Google Pay and stablecoin funding support. It is built for businesses (Brex, Ramp, Shopify), not for end consumers.

Estimated net annual cost €0/year
Card issuing / BaaS
Service
Interchange share
Pricing
Visa / Mastercard
Networks
Self-custody
Custody
Strength

API-first platform to issue tailored cards, with native push provisioning.

Main limit

It is a B2B product for businesses, not a consumer card.

RISK: Dependence on a single vendor and its banking partners.
75
Transparency: High
75/100 · see methodology

Data & conditions

§ Amounts in USD/GBP are shown in the service's native currency.

Service type Card issuing / BaaS
Pricing model Interchange share
Per-card fee $0.10 virtual · $3.50 physical
Card networks Visa, Mastercard
Card types virtual, physical
Customer type Fintech, Enterprise, SMEs
Network Visa/Mastercard
Currencies USD, EUR, GBP
Fund custody Self-custody (funds in your control)
KYC Full
Supported countries US, EEA, UK, APAC · 22+ countries
Funding / solidityStripe, $91B di valutazione; 275M+ carte emesse
MiCA / License status VisaMastercardFinCEN-MSB Emissione via banking partner; UE: Stripe Payments Europe (IE)

Strengths

  • API-first: tailored virtual and physical cards
  • Native push provisioning on Apple/Google Pay
  • Fiat and stablecoin funding, 22+ countries

Weaknesses

  • B2B product: requires technical integration
  • FX up to 2% + a fixed per-transaction fee
  • No direct cashback (revenue-sharing model)

FAQ

Can I use Stripe Issuing as an individual?

No: it is a platform for businesses that want to issue cards to their own users or employees via API.

Does it support stablecoin funding?

Yes, Stripe Issuing supports funding card programs via stablecoins.

Verdict

S ★ 5.0/5 Estimated net annual cost: €0/year

Stripe Issuing is the BaaS platform to issue payment cards via API: over 275 million cards issued, native push provisioning on Apple/Google Pay and stablecoin funding support. It is built for businesses (Brex, Ramp, Shopify), not for end consumers.

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

Sources

Update history

✓ Terms unchanged since Jun 1, 2026

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