iZettle. Square – Accept credit card payments with your mobile phone. Here's What Stripe, Stealth Payment Startup Backed by PayPal Founders, Will Do. A large number of entrepreneurs and investors are betting that the Internet is going to disrupt financial services just like it's disrupted so many other industries.
Stripe is one of those, it's a stealthy startup aimed to make online payments super simple. It's being built by three Irishmen in Silicon Valley and has reportedly amassed a few million dollars in funding before it's even launched, from some of the very top investors in technology including from Paypal founders Peter Thiel and Elon Musk. Michael Arrington got the scoop tonight, posting details on the funding of a company known about by a just few observers; Reuters financial blogger Felix Salmon already followed the company on Twitter, for example, but has said before that he prefers to let other people report scoops first and then try to provide superior analysis later. This is a company we'll be hearing a whole lot about in the future.