Collison Brothers’ Stripe partners with mobile app engine Parse

21 Mar 2013

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Adding to existing libraries it has in place from Apple’s iOS and Google’s Android ecosystems, Irish brothers John and Patrick Collison’s Silicon Valley mobile payments firm Stripe has partnered with mobile app platform Parse to help developers add payments to their apps.

Stripe’s technology makes it easy to accept mobile payments on any platform – web, mobile, desktop or tablet device and companies like Lyft, Exec, Postmates, SideCar, Sesame and OrderAhead use Stripe to make it easy to pay for content using an iPhone or Android smartphone.

Stripe today released updated versions of its payments technology, including walkthroughs for collecting credit card information, tokenized cards and storing payment credentials for billing later.

The partnership with Parse will allow developers who have built apps using Parse’s pre-built libraries to accept payments via their apps.

Parse helps developers to build mobile apps by eliminating a lot of the server-side boilerplate and provides pre-built libraries for common taks.

Effectively it means app developers using Parse don’t need to write server-side code just to accept payments.

“Both the Parse platform and Stripe’s mobile libraries help with building native mobile apps,” explained Stripe’s Alex MacCaw in the Stripe blog.

“Mobile web browsing is also growing rapidly, and it’s been fun to see the adoption of Stripe Checkout around the web,” MacCaw added.

The Collison brothers’ company appears to be going from strength to strength and last week we reported how the company acquired another US startup called Kickoff.

Stripe, an online payments engine that simplifies the purchase of content and goods on websites, raised its first round of funding of US$2m in March 2011 from investment veterans Peter Thiel, Elon Musk, Sequoia Capital and Andreesen Horowitz. This was followed by a further funding round of US$18m in February 2012 by Sequoia Capital that at the time valued their company at US$100m.

A report in May by SecondMarket.com listed Stripe as ranking alongside Pinterest as one of Silicon Valley’s rising stars, giving it an informal valuation of US$1bn.

Patrick (23) and John Collison (21) were recently listed in the Forbes top 30 under 30 people in tech. They formed a start-up called Shuppa in 2007, which later became known as Auctomatic, attracted funding from Silicon Valley venture capital firm Y Combinator, and was acquired just a year later by Canadian firm Live Current Media for US$5m (€3.2m) when the brothers were just 17 and 19, respectively.

Mobile wallet image via Shutterstock

Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com